Creado por dylan_earl
hace más de 9 años
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Pregunta | Respuesta |
Graduated Payment Mortgage (GPM): Starts Small and goes up over time, non constant payments T/F | True |
Share Appreciation Mortgage (SAM): Gives lender a % of property appreciation in exchange for mortgage interest rate reduction T/F | True |
Price Level Adjusted Mortgage (PLAM): Lenders concerned with inflation want to adjust payments to reflect inflation T/F | True |
What is the Tilt Problem? | When there is inflation in the housing market. (Chronologically) House values increase, Nominal Interest Increases, Goods become more expensive and then income increases (Mortgage adjusts faster than income) |
Interest and Principal are proportionally divided from payments over the course of the mortgage. T/F | False Mortgage payments pay off more interest in the beginning than principal |
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