What his ha hHELOC hloan? h- hcorrect hanswer.a hsecured hloan hin hthat hyou hare hborrowing
hagainst hthe hequity hthat hhas hbeen hbuilt hin hyour hhouse
Define hPMI hand hstate hwhat hthe hacronym hstands hfor. h- hcorrect hanswer.Private hmortgage
hinsurance- hon hconventional hloans
Define hone htime hvariable hfunding hfee hand hpeople hin hwhat hsituations his hit hwaived hfor? h-
hcorrect hanswer.Disabled hveterans hand hsurviving hspouses.
USDA hloans hare halso hcalled hwhat? h- hcorrect hanswer.502 hloans
Define hHPML h- hcorrect hanswer.High hprice hmortgage hloans hor hSection h35 hloans. hA
hmortgage hwith han hannual hpercentage hrate h(APR) hthat's hhigher hthan hthe haverage hprime
hoffer hrate h(APOR)
When his ha hloan hconsidered hto hbe ha hsection h35 hloan? h(High hprice hmortgage hloan) h-
hcorrect hanswer.- hWhen hthe hAPR hexceeds hAPOR hby h1.5% hon ha hfirst hlien, h2.5% hon
hJumbo hfirst hlien hor h3.5% hon hsubordinate hlien
What hrequirements hare hplaced hon hsection h35 hloans? h(High hprice hmortgage hloans) h-
hcorrect hanswer.APE
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