Which of the following statements with regards to mortgage loans is false?
A)Mortgage loans are usually made on a credit foncier basis.
B)A 'balloon' payment may be necessary at maturity.
C)Most life insurance companies specify a minimum amount for mortgage finance,usually upwards of $200 000.
D)The main source of mortgage finance for companies has traditionally been superannuation funds.

Question

Quizplus · Accepted Answer

The main source of mortgage finance for companies has traditionally not been superannuation (pension) funds. Instead, banks, savings and loan associations, and mortgage banks have been more common sources of mortgage loans for companies. Superannuation funds are more typically involved in investing in a range of assets for retirement savings, not specifically providing mortgage finance.

Which of the Following Statements with Regards to Mortgage Loans