Fha - Study guides, Class notes & Summaries

California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising o...

New Jersey PSI Real Estate Exam With complete solutions. Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is ️ an agent to the broker and a subagent to the principal. Depreciation is calculated based on the ️ Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title...

ECOA - ANSWER prohibits discrimination in any aspect of a credit transaction. ECOA applicability - ANSWER Any extension of credit, including credit to small businesses, corporations, partnerships, and trusts. Race or Color - ANSWER Prohibited Basis (ECOA/FHA) Prohibited Basis (ECOA) - ANSWER 8 classes that cannot be discriminated against Religion - ANSWER Prohibited Basis (ECOA/FHA)

Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) False A 3-Year ARM adjusts every 3 years True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. False A HELOC loan has an interest only payment ...

Xinnix Final Exam Questions With Answers On an FHA loan the upfront MIP should be included when calculating cash-to-close. False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) False A 3-Year ARM adjusts every 3 years True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. False A HELOC loan has an interest only payment True ...

Champions Real Estate Finance Final Exam With Correct Answers 2024 Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage -CORRECT ANSWER...

PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien i...

HUD Certification Questions and Answers 100% Pass Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease Pay stub A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? Find a second job Bo...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Choose the relationship between the name of the report and mortgage interest rate tendencies - When CPI goes up, rates tend to go up; when the GDP goes down, rates tend to go down; when the unemployment rate goes up, rates tend to go down. Although the appraiser makes the value determination, it is up to the processor to assess the appraisal report and to make sure that the property is acceptable collateral for the loan. - False A borrower may have more than one FHA loan at the same time. -...