Environmental
In Hawaii, properties located on or near former sugar cane or pineapple plantation land may have soil contamination concerns related to:
AMarine sediment
BHistorical use of pesticides and herbicides such as DBCP and heptachlor✓ Correct
CMilitary ordinance only
DVolcanic rock formation
Explanation
Former plantation lands in Hawaii may have residual contamination from pesticides such as DBCP (dibromochloropropane) and heptachlor, which were historically used on sugar cane and pineapple crops.
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Key Terms to Know
Amortization
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Math Concepts
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