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10.1- What is a Fixed Mortgage? Explain Characteristics of a fixed-rate mortgage
10.3- How does the Percentage of pay down impact monthly payments?
10.4- What is a Fixed-rate mortgage loan with escrow?
10.6- Explain Facts on the index with respect to adjustable-rate mortgages
10.7- What is the Definition of “fully indexed rate”?
10.9- Explain Fully indexed rate scenarios
10.10- Explain Scenarios reflecting payments increasing/decreasing on “change date”
10.11- What is the Timeline for notifying a customer of a rate change?
10.12- Explain Factors when determining interest rates
10.14- Explain Types of balloon mortgages
10.16- What is a Reverse mortgage? Explain Facts on reverse mortgages
10.17- Explain Timeline for calculating interest on home equity conversion mortgage loans
10.18- What Payments are required after closing on a conversion mortgage loan?
10.19- What is the Age requirements for conversion mortgages?
10.2- What is the Amount of title insurance required?
10.20- Explain some Facts on “construction-to-permanent” financing programs
10.21- What is the Permissible percentage of total equity allowed for withdrawal?
10.22- Explain Scenarios that cause the full balance to become due
10.22- Explain Scenarios that cause the full balance to become due
10.24- What are "Purchase Money Second Mortgages"? What are required disclosures?
10.25- What is Home Equity Line of Credit (HELOC)? What are the required disclosures?
10.26- Give some Examples of open-ended credit loans
10.27- What is HELOC? Explain Characteristics of a HELOC
10.28- What are Fundamentals of Construction Mortgages?
10.31- What is an Interest-only Mortgages? Explain Facts about interest only loans
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