📝 Episode 14 Description

Financing questions are a major component of the Alabama real estate license exam and often test your understanding of mortgage terminology and loan structure.

In this episode of Alabama Real Estate Exam Prep, you’ll work through exam-style multiple-choice questions focused on mortgages, promissory notes, borrower and lender roles, lien priority, and common loan clauses. Topics include acceleration clauses, alienation clauses, defeasance clauses, amortization, balloon mortgages, and adjustable-rate loans.

Each question includes the correct answer and a brief explanation, helping you quickly identify financing concepts and avoid common exam traps.

Best for:

• Alabama real estate exam candidates
• Mortgage and financing terminology
• Loan clauses and lien priority
• Amortization and mortgage types