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Champions Real Estate Finance 1 - Texas, Champions School of Real Estate - Finance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass$12.99
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Champions Real Estate Finance 1 - Texas, Champions School of Real Estate - Finance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
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Champions Real Estate Finance
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Champions Real Estate Finance
Champions Real Estate Finance 1 - Texas, Champions School of Real Estate - Finance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
maintaining payment records and following up on delinquencies.
5. Origination: The process of creating a new mortgage loan.
6. Character: A measure of the willingness of a borrower to make on-time payments. Credit
character is resealed in the borrowers credit report.
7. Capacity: A measure of the borrowers ability to repay the debt, and is demon- strated
through current earnings and job stability.
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8. Capital: The sum of all assets that the borrower has accumulated.
9. When was the FHA created?
a. 1929
b. 1934
c. 1912
d. 2008: B
10. Who funds the FHA?
a. The American tax payers
b. The FED
c. Fannie Mae
d. The FHA funds itself: D
11. How long is the lifespan of a $20 bill?
a. more than 15 years
b. less than 10 years
c. less than 5 years
d. more than 10 years: B
12. What is the prime rate?
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a. The interest rate that is determine by the President
b. The interest rate that is determine by Congress
c. The interest rate that is determine by individual banks
d. The interest rate that is determine by the Federal Reserve: C
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13. Who provides VA home loans?
a. private lenders
b. FHA
c. The VA itself
d. All of these: A
14. The Single Family Housing Direct Home Loan is also known as
a. Program 101
b. Section 502 Direct Loan Program
c. Section 8 Program Housing
d. None of the above: B
15. A loan with no discount points is known as a
a. birdie loan
b. par loan
c. interim loan
d. air loan: B
16. In order to qualify for exemption from capital gains the property must have bee the
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