Question: 1. Identify the statement that is untrue about buydown loans: They are often used during periods of high inflation They always lower the rate on

1. Identify the statement that is untrue about buydown loans:

They are often used during periods of high inflation

They always lower the rate on the loan for the borrower for the entire loan term

Help borrowers qualify for a loan

They can be offered by home builders

2. All of the following statements about Wraparound Loans are false except for:

The borrower makes payments on existing loan

The lender makes payments on existing loan

The lender only makes payments on the second mortgage

The borrower only makes payments on the second mortgage

3.

In regards to real estate closings, which of the following does not usually participate in the closing?

The buyer and seller

The buyer's and seller's immediate families

Real estate broker(s)

Settlement agent(s)

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