Conventional with pmi - Study guides, Class notes & Summaries
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Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
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Xinnix SOAR Final Questions With Verified Answers Graded A+ 
FNMA and FHLMC are what type of loan? 
conforming 
 
 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies 
true 
 
 
conventional loans are not insured by the federal government 
true 
 
 
Agency loans include FHA and VA loans 
true 
 
 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool 
t...
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Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
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- $14.59
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Xinnix SOAR Final Questions With Verified Answers Graded A+ 
FNMA and FHLMC are what type of loan? 
conforming 
 
 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies 
true 
 
 
conventional loans are not insured by the federal government 
true 
 
 
Agency loans include FHA and VA loans 
true 
 
 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool 
t...
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Real Estate NJ Test with Questions and Correct Answers| Graded to Pass
- Exam (elaborations) • 13 pages • 2023
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A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 
 
A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres 
 
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...
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Xinnix SOAR Final Questions and Answers Already Passed
- Exam (elaborations) • 50 pages • 2024
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Xinnix SOAR Final Questions and Answers Already Passed 
FNMA and FHLMC are what type of loan? - Answer ️️ -conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers 
understand the terms of their agreements with financial companies - Answer ️️ -true 
conventional loans are not insured by the federal government - Answer ️️ -true 
Agency loans include FHA and VA loans - Answer ️️ -true 
the proceeds of a loan for cash out refinance may be ...
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ASREB Exam Practice Questions and Answers
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ASREB Exam Practice Questions and Answers 
types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan 
FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) 
Two types (Upfront and Monthly) 
Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) 
Drops off automatically at 78% loan to value (LTV) 
Ask for removal at 80% loan to value 
VA Loan - Correct Answer ️️ -Funding Fee based on value 
USDA loan - Correct Answer ️️ -loan is zero do...
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HUD Certification Exam with 100% Correct Answers 2023
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Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of 
real estate 
Redlining - Correct answer-The practice of refusing to make residential loans or 
imposing more onerous terms on any loans made because of the predominant race, 
color, national origin, religion, sex, disability, or familial status of the area's residents. 
Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin 
Luther King Jr., Congress passed what monumental piece of ...
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NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 35 pages • 2024
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NMLS SAFE EXAM 2024 QUESTIONS 
AND ANSWERS ALREADY PASSED 
 
What does TILA stand for? Truth-In-Lending Act, Regulation Z 
 
What is a HELOC loan? a secured loan in that you are borrowing against the equity that has 
been built in your house 
 
What is a REFI loan? 
 
LTV stands for Loan to Value 
 
Define PMI and state what the acronym stands for. Private mortgage insurance- on 
conventional loans 
 
Define one time variable funding fee and people in what situations is it waived for? Disabled ...
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PSI Exam Financing 2024 with 100% correct answers
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Loan Point correct answers1% is 1 point. 1% of loan amount 
 
Loan Origination Fee correct answerscompensation for processing a new Mortage loan 
 
discount points correct answershelps permanently reduce loans interest 
 
buydown correct answersinterest pre-payment at closing to temporarily reduce interest rates, usually for a period of one to three years 
 
loan to value ratio correct answers(LTVR) is the ration of the loan amount to the property value (sale price or appraised value whichever i...
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Xinnix SOAR Final Exam Questions and Answers 100% Pass
- Exam (elaborations) • 55 pages • 2024
- Available in package deal
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Xinnix SOAR Final Exam Questions and 
Answers 100% Pass 
FNMA and FHLMC are what type of loan? - Answer- conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - 
Answer- true 
conventional loans are not insured by the federal government - Answer- true 
Agency loans include FHA and VA loans - Answer- true 
the proceeds of a loan for cash out refinance may be used by the borrower to in...
-
Xinnix SOAR Final Exam Questions and Answers 100% Pass
- Exam (elaborations) • 55 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
Xinnix SOAR Final Exam Questions and 
Answers 100% Pass 
FNMA and FHLMC are what type of loan? - Answer- conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - 
Answer- true 
conventional loans are not insured by the federal government - Answer- true 
Agency loans include FHA and VA loans - Answer- true 
the proceeds of a loan for cash out refinance may be used by the borrower to in...
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