Question: Select the best answer choice to complete each sentence. Group of answer choices The purchase of a house or a multifamily dwelling such as a

Select the best answer choice to complete each sentence.
Group of answer choices
The purchase of a house or a multifamily dwelling such as a duplex, triplex or apartment building is usually financed through the use of a ______________________ loan.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
A(n)______________________ loan is a short-term or a medium-term loan repayable in two or more consecutive payments, usually monthly or quarterly.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
A(n)__________________________ loan is one where a customer can use the difference between the appraised value of their home and the amount of mortgage remaining against it to secure a loan.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
The law that requires full disclosure of credit terms and which promotes the informed use of credit is the ______________________ Act. This law requires banks to report the APR of the loan, the dollar amount of all finance charges and, where appropriate, all fees.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
The law that limits how far a creditor or credit collection agency can go in pressing a customer to pay a past due debt is the ______________________ Act. It does not allow a debt collector to "harass" a debtor.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
Short-term credit to finance the building of homes or other dwellings is called a _____________________.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in LendingSelect the best answer choice to complete each sentence.
Group of answer choices
The purchase of a house or a multifamily dwelling such as a duplex, triplex or apartment building is usually financed through the use of a ______________________ loan.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
A(n)______________________ loan is a short-term or a medium-term loan repayable in two or more consecutive payments, usually monthly or quarterly.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
A(n)__________________________ loan is one where a customer can use the difference between the appraised value of their home and the amount of mortgage remaining against it to secure a loan.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
The law that requires full disclosure of credit terms and which promotes the informed use of credit is the ______________________ Act. This law requires banks to report the APR of the loan, the dollar amount of all finance charges and, where appropriate, all fees.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
The law that limits how far a creditor or credit collection agency can go in pressing a customer to pay a past due debt is the ______________________ Act. It does not allow a debt collector to "harass" a debtor.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending
Short-term credit to finance the building of homes or other dwellings is called a _____________________.
[ Choose ] residential mortgage home equity construction loan Fair Debt Collection Practices installment Truth in Lending

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