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Unit 10

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Unit 10

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Unit 10
 

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Unit 10Online version

Unit 10

by HEATHER
1

The borrower in a mortgage transaction is known as the .

2

When a borrower ? s payments do not cover all accrued interest and the loan balance increases , this is known as amortization .

3

A loan that does not meet Fannie Mae or Freddie Mac guidelines is considered a loan .

4

The mortgage market involves buying and selling existing mortgage loans .

5

The upfront fee charged on VA loans to help offset taxpayer costs is called the VA fee .

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