Week J Cue Cards

Descrição

REH
dylan_earl
FlashCards por dylan_earl, atualizado more than 1 year ago
dylan_earl
Criado por dylan_earl mais de 9 anos atrás
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Resumo de Recurso

Questão Responda
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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