Non conventional loan - Study guides, Class notes & Summaries
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Xinnix Ground School Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 16 pages • 2024
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A non-arm's length transaction occurs when the borrowers or any other party to the transaction have a 
direct relationship with another party to the transaction (including, but not limited to, the employer, 
lender, broker or appraiser). - True 
A partner's percentage of ownership and earnings can be located on Schedule E part 2 of their personal 
tax returns - False 
A loan with an excellent credit risk, and qualifying as a jumbo loan program would receive a DU 
Approve/ineligible. - True 
A ...
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Gold Coast Chapter 13:questions with correct answers 100%
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Gold Coast Chapter 13:questions with correct answers 100%Although there are a number of different methods for repaying a loan, there are only 3 types of mortgages: - correct answer FHA insured; 
 
VA guaranteed; 
 
And conventional. 
 
FHA insured mortgage loans: - correct answer The Federal Housing Administration (FHA) is a part of the U.S Department of Housing and Urban Development (HUD). ***The FHA DOES NOT make loans. Instead, it insures loans made by approved local lenders. The loan is fu...
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Real Estate Exam questions with correct answers
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Notes are said to be negotiable and non-negotiable. Which of the following best defines a negotiable note? CORRECT ANSWER If a note is secured by a mortgage the note is negotiable but the mortgage is non-negotiable. The maker signs a note and the payee endorses it. 
 
Buyer gives seller a purchase money second trust deed and note. Shortly afterward, buyer defaults in payments on the second trust deed. Seller can, in due course, bring court action and obtain against the buyer: CORRECT ANSWER none...
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Champions Powerhouse Training SAE 146 Questions with Verified Answers,100% CORRECT
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Champions Powerhouse Training SAE 146 Questions with Verified Answers 
 
An area of neighborhoods or sub divisons that 
is serviced by your firm. - CORRECT ANSWER Geographic Farm 
 
A plan by which you develop to gain name 
recognition - CORRECT ANSWER Marketing Plan 
 
Becoming different in your approach through 
growth and development - CORRECT ANSWER differentiate 
 
All the properties in a particular price range, 
in the area your firm services - CORRECT ANSWER economic farm 
 
Words or cont...
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PVL3701 EXAM PACK 2024
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PVL3701 - Law Of Property PVL3701 EXAM PACK 2024 
MCQ 
1. Indicate the correct option. 
Which one of the following things can be regarded as a res nullius? 
(1) a domesticated tiger living in his owner‟s house 
(2) an impala roaming in the bushes 
(3) a Persian cat lying on the neighbor‟s patio 
(4) a springbok kept on a private game farm for hunting purposes 
ANSWER: 
Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are 
wild by natu...
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Allied - Texas Promulgated Contract Form Questions and Answers Graded A
- Exam (elaborations) • 48 pages • 2023
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Allied - Texas Promulgated Contract Form Questions and Answers Graded A 
When the buyer assumes the sellers loan, the ______ becomes responsible for repayment of the loan as well as any other obligations to the lender. Buyer 
Lenders view non-realty items within the real estate contract to be ______, and therefore the value of those items needs to be deducted from the sales price. Sales concession 
When completing the contract how should you describe the location of the property Lot and block le...
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XINNIX FLIGHT SCHOOL EXAM WITH CORRECT ANSWERS
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XINNIX FLIGHT SCHOOL EXAM WITH CORRECT ANSWERS 
The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. 
True 
 
 
How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA 
3 years 
 
 
What are the steps you should follow to determine the correct MI? 
LTV, term, product type, occupancy type and coverage. 
 
 
Typically, files that have to be manually underwritten are subject to less strict guidelines. 
Fa...
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REAL 4000 UGA Questions and answers
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Recourses of foreclosure - borrower can come back through 
- equity of redemption 
-statutory 
The possibility that the actual outcome will vary from what was expected when the asset was purchased. 
- Risk 
fixed amount of money paid or received at the end of every period - Ordinary annuity 
future cash inflow or outflow occurring only once - lump sum payment 
What are the four time Value of money operations - Compounding Operations 
1. Future value of a lump sum 
2. Future value of an annuity 
...
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Xinnix Quiz Questions with 100% Correct Answers
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Xinnix Quiz Questions with 100% Correct Answers 
Ginnie Mae was wholly created to purchase government mortgages on the secondary 
market - Answer- false 
which of the following was not a reason The Federal Housing Administration (FHA) was 
created - Answer- to simplify mortgage forms 
match in order of creation - Answer- 1st-FNMA 
2nd-GNMA 
3rd-FHLMC 
match the following - Answer- FNMA-fannie mae 
FHLMC-Freddie Mac 
what allowed more conventional mortgages to be originated in the early 1970s wit...
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Allied - Texas Promulgated Contract Form Study Questions and Answers 2023
- Exam (elaborations) • 21 pages • 2023
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When the buyer assumes the sellers loan, the ______ becomes responsible for repayment of the loan as well as any other obligations to the lender. - Buyer 
 
Lenders view non-realty items within the real estate contract to be ______, and therefore the value of those items needs to be deducted from the sales price. - Sales concession 
 
When completing the contract how should you describe the location of the property - Lot and block legal description 
 
The fixtures that are included in the one to...
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