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- Multiple ChoicePlease save your changes before editing any questions.
Houses, bungalows, apartments, offices, shops and any other type of building you can own are called
housing
property
buildings
- Multiple ChoicePlease save your changes before editing any questions.
The __________ are a document which proves who owns a property
owner's deeds
owner's papers
title deeds
- Multiple ChoicePlease save your changes before editing any questions.
In some countries you can get a mortgage for __________ your annual salary.
times five
five times
five of
- Multiple ChoicePlease save your changes before editing any questions.
If a mortgage borrower ___________ the instalments…
doesn't pay
defaults on
fails on
- Multiple ChoicePlease save your changes before editing any questions.
…the mortgage lender will eventually __________ the property
retake
take back
repossess
- Multiple ChoicePlease save your changes before editing any questions.
Before a property can be repossessed, the lender must apply to a court for a __________.
repossession order
repossession paper
repossession document
- Multiple ChoicePlease save your changes before editing any questions.
When the lender has a repossession order, the occupants of the property can be __________
evicted
put out
ejected
- Multiple ChoicePlease save your changes before editing any questions.
Generally, mortgage lenders only repossess as ____________.
a desperate action
a last resort
the final option
- Multiple ChoicePlease save your changes before editing any questions.
A mortgage lender can also be called a mortgagee or a __________
mortgage provider
mortgage maker
mortgage producer
- Multiple ChoicePlease save your changes before editing any questions.
A mortgage borrower can also be known as a mortgagor or a __________.
mortgage owner
mortgage possessor
mortgage holder
- Multiple ChoicePlease save your changes before editing any questions.
To change your mortgage agreement is to __________ your property.
mortgage again
remortgage
unmortage
- Multiple ChoicePlease save your changes before editing any questions.
A mortgage paid over 25 years is called a __________ mortgage.
25
25 Year
25 Years
- Multiple ChoicePlease save your changes before editing any questions.
When somebody's mortgage is the most they can possible afford, you can say they are "mortgaged up
to the __________".
hilt
top
head
- Multiple ChoicePlease save your changes before editing any questions.
If property prices go down, and your house is mortgaged for more than its current value, you have
__________.
negative money
negative value
negative equity
- Multiple ChoicePlease save your changes before editing any questions.
After you have paid your last mortgage instalment, you can say that you have __________ your
mortgage.
paid out
paid up
paid off