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Aim: This exercise is to help you to develop your mortgage-related vocabulary.
Vocabulary
Exercise Choose the correct word from the drop-down list:
Answer: We can refer you to trusted property agents and solicitors.
Answer: They’ll also identify a repayment option that best matches your budget.
Answer: We’ll give you an instant valuation of the property you are interested in.
Answer: Deferred principal repayment – pay only the monthly interest on your mortgage.
Answer: You can buy your first home, trade up or refinance sooner than you think.
Answer: Low interest loans available to help you with your down payment.
Answer: Unlike general mortgage plans, interest under this scheme is calculated on the daily outstanding net balance of your mortgage loan.
Answer: In case of permanent disability or death, we will repay your mortgage in full.
Answer: If you’re selling one home and buying another, your sale proceeds may lag behind your need to pay a deposit.
Answer: Insurance – covers the cost of rebuilding your home in case of fire, typhoon or subsidence.
Your total score is:
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