Which of the
following is true of a non-recourse mortgage? ( )
A: The house buyer,
if unable to make payments, can lose all his or her possessions
B: The house buyer
has an American-style put option on the house
C: The house buyer
has a European-style put option on the house
D: The lender is
less likely to lose money on the mortgage
following is true of a non-recourse mortgage? ( )
A: The house buyer,
if unable to make payments, can lose all his or her possessions
B: The house buyer
has an American-style put option on the house
C: The house buyer
has a European-style put option on the house
D: The lender is
less likely to lose money on the mortgage
举一反三
- What is the most likely reason<br/>that someone would mortgage a house? A: to put up holiday decorations B: to get it ready to be sold C: to obtain some needed money D: to keep away unwanted visitors
- Our neighbours<br/>have _________ ours. A: as a big house as B: as big a house as C: a big house as<br/>same as D: a house the same<br/>big as
- Unlike the old house the family lived in, the new house ____. A: is<br/>more to Dee’s liking B: has<br/>real windows C: has<br/>a tin roof D: is set in a pasture
- John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment（） A: $21,796.14 B: $10,500.00 C: $16,882.43 D: $24,327
- England has been ruled by the following houses:____________. A: House of York B: House of Norman C: House of Tudor D: House of Lancaster