Champions finance - Study guides, Class notes & Summaries

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing The primary determinants of real estate values are supply and _____. - Answer- Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral Servicing includes which of the following activities? - Answer- Maintaining records of payment The monet...

Champions Finance Questions and Answers 100% Correct! Three of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderwriting Fiscal policy, which is related to Federal Government spending is approved by: - ANSWERSUS Congress The US Treasury is responsible for raising money; funds can be raised by: - ANSWERSRais...

CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM ACTUAL EXAM LATEST COMPLETE 220 QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY GRADED A+.p

CHAMPIONS REAL ESTATE FINANCE EXAM ALL QUESTIONS AND CORRECT DETAILED ANSWERS LATEST VERSION ALREADY A GRADED HIGHLY RECOMMENDED BY EXPERTS | NEW AND REVISED

Champions Real Estate Finance Exam Review (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION HUD established as a cabinent dept by Dept of Housing & Urban Development Act QUESTION HUD was created in ____________________. Answer: 1965 QUESTION FHA (Federal Housing Administration) Answer: provides mortgage insurance on loans made by approved lenders throughout U.S. QUESTION Community Development Block (CDBG...

Champions Real Estate Finance graded A+ already passed 2023Loan-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 ...

CHAMPIONS REAL ESTATE FINANCE LATEST EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+CHAMPIONS REAL ESTATE FINANCE LATEST EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+

Champions Real Estate Finance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION By FHA paying a claim to the lender in the event of a homeowner's default does this increase or reduce the risk? Answer: FHA will bear less risk and lower the risk QUESTION This can be paid at closing or added to the loan at funding Answer: UFMIP Up Front Mortgage Insurance Premium QUESTION What is the LTV of an FHA loan ...

Champions Real Estate Finance 1 - Texas, Champions School of Real Estate - Finance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM LATEST EXAM A AND B WITH PRACTICE EXAM COMPLETE 270 QUESTIONS AND DETAILED CORRECT ANSWERS ALREADY GRADED A+