Mortgage insurance - Study guides, Class notes & Summaries

South Carolina Real Estate Exam (State Portion Only) Questions and Answers The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - Correct Answer ️️ -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - Corr...

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...

NYS Life, accident, and health insurance Exam Questions with verified Answers Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? How many days notice does the ACA require insurers to give before rescinding coverage? A signed good health statement may be requested by a life producer at the time of Carol purchases a whole life policy that provides a choice of dividend options. This policy is req...

$.55 - County Transfer Tax $10,000 - Fine for violating a cease and desist order issued by the commissioner 30 days - An agent must report a change in his or her mailing address to the Department of Insurance within 36 - How many sections are in a township 40 years - How long is the Michigan Marketable Title Act 40 years - To obtain marketable record title to real property, an owner needs an unbroken chain of title for how many years 6 miles - The space between range lines 640 acres - A...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

Complete Solutions Manual for Financial Markets and Institutions, 8th Edition by Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts ; ISBN13: 9781260772401. (Full Chapters included Chapter 1 to 25). ... Chapter 1: Introduction. Chapter 2: Determinants of Interest Rates. Chapter 3: Interest Rates and Security Valuation. Chapter 4: The Federal Reserve System, Monetary Policy, and InterestRates. Chapter 5: Money Markets. Chapter 6: Bond Markets. Chapter 7: Mortgage Markets. Chapter 8:...

Test bank for Financial Markets & Institutions 13e 13th Edition by Jeff Madura. ISBN-13: 0797 Full Chapters test bank included Chapter 1: Role of Financial Markets and Institutions 1-1 Role of Financial Markets 1-2 Securities Traded in Financial Markets 1-3 Role of Financial Institutions 1-4 Systemic Risk among Financial Institutions Summary Point/Counterpoint Questions and Applications Flow of Funds Exercise Internet/Excel Exercises WSJ Exercise Online Articles with Real-World ...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

NYS Real Estate Exam 2024 Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. - Answer ️️ -Insurance Premiums What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent - Answer ️️ -special agent what...

iana is a new life insurance agent and is studying the requirements for ascertaining the clientâs identity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Actand Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) guideline 6A. For which of the following products must agents ascertain the clientâs identity? 1. Immediate annuity and deferred annuity 2. Exempt life insurance policy and TFSA 3. Deferred annuity and exempt life insurance policy 4. D...