Mortgages Quizzes-A mortgage broker can assist homeowners

Answer to Quiz

A mortgage broker can assist homeowners in obtaining mortgage loans:

Answer: (a), true
A "mortgage broker" is an entity or individual that places mortgage loans with lenders, but does not originate or service the loans.

Next Quiz:

Why would a borrower make an extra payment on his mortgage loan?

(a) There will be increased tax deductions over the life of the loan
(b) The borrower can get a refund of points paid
(c) To shorten the length of a mortgage and the total interest paid

Word of the Day

Non-Competition Agreement

A "non-competition agreement" is a contract between one party who agrees not to...

Non-Competition Agreement

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