First mortgage is:
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A. B. C. D.BC
The term "first mortgage" refers to the primary mortgage loan taken out on a property. This is the mortgage that has priority over all other liens or mortgages that may be placed on the property subsequently. In other words, if the property owner defaults on their mortgage payments and the property is foreclosed upon, the first mortgage holder has the first right to any proceeds from the sale of the property.
Option B - "A mortgage score which is in first lien position" - does not make sense in the context of the question. It is likely a typographical error or an incorrect answer choice.
Option A - "Flexible payment mortgage" - refers to a mortgage that allows for changes to the payment schedule or amount over time. While a first mortgage could potentially have flexible payment terms, this is not a defining characteristic of a first mortgage.
Option D - "Graduated payment mortgage" - is a type of mortgage where the payments start low and increase over time. Again, while a first mortgage could be a graduated payment mortgage, this is not a defining characteristic of a first mortgage.
Therefore, the correct answer is option C - "Taking priority over all other liens". This means that in the event of foreclosure, the first mortgage holder has the first right to any proceeds from the sale of the property, before any other liens or mortgages are paid.