The payment-to incone ratio is B.the ratio of the anount of the loan to the mark

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The payment-to incone ratio is B.the ratio of the anount of the loan to the market va C. easure of the ability of the applicant to make monthly the ratio of monthly payments to monthly income. propert) payments value ot c A and The diff borroved is erence between the purchase price of the property and the amount A. the reciprocal of the loan-to-value ratio B. negotiable between the lender and the borrower. C. the borrover's dovn-payment D. all of th¢ above. when a no rtgage is used as collateral for the issuance of a security, the mortgage is said to be A. , collateralized locked-in C. securitized D. pooled E. none of che above ,At the end of the tera of a tradicional mortgage, the loan has been fully amortized .e. A. the principal payment has been made in full but the interest B. the interest and principal payments have been made in full but the C. the interest and principal payments have been in full but D. there is no nortgage balance remaining payment remains interest payment remains E. tradicional nortgages are never amorcized. . t The most common type of moregage design in the Uniced states is the fixed-rate B. level paymenc Borcgage c. tradicional mortgage. D. all of the above -When a loan repayment schedule is structured so that payments made by the borrover vill completely pay off the interest and Loan is said to be a(n) mortgage. prineip al, the conforming B. inflation-proof C. Indexed D. self-amorcizing 3.The basic mortgage-backed security is che mortgage pass-through security derivative nortgage-backed security. A. C. collateralized ortgage obligation G.sE D. stripped mortgage-backed security

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7 Option D "A and C" is correct Because the payment to income ratio find out ratio of monthly payment to monthly income and also measue the ability to make monthly payment 8 Option C " the borrower's down payment" is correct The difference between purchase price and amount borrowed is called down payment 9 Option C "securitized" is correct 10 Option B "the interest and principal payments have made in full" is correct

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