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HECM Bundled Exams Questions and Answers 100% Verified and Updated | Graded A
HECM Bundled Exams Questions and Answers 100% Verified and Updated | Graded A
[Show more]HECM Bundled Exams Questions and Answers 100% Verified and Updated | Graded A
[Show more]HECM Terminology Exam Questions and 
Answers 100% Pass 
Principal Limit - Answer- the maximum mortgage amount; equals the maximum claim 
amount times the principal limit factor. The maximum amount of money available from 
the loan at any given time, including the amount already 
borrowed, any set-as...
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Add to cartHECM Terminology Exam Questions and 
Answers 100% Pass 
Principal Limit - Answer- the maximum mortgage amount; equals the maximum claim 
amount times the principal limit factor. The maximum amount of money available from 
the loan at any given time, including the amount already 
borrowed, any set-as...
HECM Exam Questions and Answers 100% Correct 
What is the role of the Housing Counseling Agency in the HECM program? - Answer- 
Educate the consumer about the costs and benefits of the HECM program. 
What is home equity? - Answer- Home value minus liens on the home. 
In what two ways are HECM's dif...
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Add to cartHECM Exam Questions and Answers 100% Correct 
What is the role of the Housing Counseling Agency in the HECM program? - Answer- 
Educate the consumer about the costs and benefits of the HECM program. 
What is home equity? - Answer- Home value minus liens on the home. 
In what two ways are HECM's dif...
HECM REVERSE MORTGAGE EXAM QUESTIONS AND 
ANSWERS 100% PASS 
HOME EQUITY - Answer- HOME VALUE MINUS LIENS ON THE HOME 
PURPOSE OF A REVERSE MORTGAGE - Answer- GENERATE CASH 
FORWARD MORTGAGE PURPOSE - Answer- THE ORDINARY MORTGAGE MOST 
PEOPLE USE TO PURCHASE HOME 
FORWARD MORTGAGE - Answer- BORROWE...
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Add to cartHECM REVERSE MORTGAGE EXAM QUESTIONS AND 
ANSWERS 100% PASS 
HOME EQUITY - Answer- HOME VALUE MINUS LIENS ON THE HOME 
PURPOSE OF A REVERSE MORTGAGE - Answer- GENERATE CASH 
FORWARD MORTGAGE PURPOSE - Answer- THE ORDINARY MORTGAGE MOST 
PEOPLE USE TO PURCHASE HOME 
FORWARD MORTGAGE - Answer- BORROWE...
HECM Exam Questions and Answers 100% Pass 
List 3 items of information or materials that you need for an assignment - Answer- 
Fireline Pack, IRPG, Fiber Tape 
List 3 items on a resource order - Answer- Incident Name, Incident Order #, 
Transportation Arrangements 
What are the two most important pa...
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Add to cartHECM Exam Questions and Answers 100% Pass 
List 3 items of information or materials that you need for an assignment - Answer- 
Fireline Pack, IRPG, Fiber Tape 
List 3 items on a resource order - Answer- Incident Name, Incident Order #, 
Transportation Arrangements 
What are the two most important pa...
HECM Counseling Certification Exam 
Questions and Answers 100% Pass 
Non-recourse - Answer- Borrower has no obligation to pay back more than the value of 
the home 
Proprietary Reverse Mortgage - Answer- A loan offered by a particular lender, not 
federally insured. Generally target homeowners with ...
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Add to cartHECM Counseling Certification Exam 
Questions and Answers 100% Pass 
Non-recourse - Answer- Borrower has no obligation to pay back more than the value of 
the home 
Proprietary Reverse Mortgage - Answer- A loan offered by a particular lender, not 
federally insured. Generally target homeowners with ...
HECM S-271 Exam Questions and 
Answers 100% Pass 
List three items of information or materials that you need for an assignment? - Answer- 
line pack 
ppe 
irpg 
list 3 items on a resource order? - Answer- incident name 
reporting location 
charge code 
what are the two most important parts of the ch...
Preview 2 out of 11 pages
Add to cartHECM S-271 Exam Questions and 
Answers 100% Pass 
List three items of information or materials that you need for an assignment? - Answer- 
line pack 
ppe 
irpg 
list 3 items on a resource order? - Answer- incident name 
reporting location 
charge code 
what are the two most important parts of the ch...
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