Non conventional loan - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Non conventional loan? On this page you'll find 479 study documents about Non conventional loan.
All 479 results
Sort by
-
CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
- Exam (elaborations) • 22 pages • 2023
-
Available in package deal
-
- $15.39
- 2x sold
- + learn more
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...
-
MLO Test Questions and answers correctly solved 2023/2024
- Exam (elaborations) • 57 pages • 2024 Popular
-
Available in package deal
-
- $14.49
- 1x sold
- + learn more
MLO Test Questions and answers correctly solved 2023/2024Which of the following best describes a 2nd mortgage loan? 
(A) A conventional mortgage that is conforming 
(B) A conventional mortgage that is non-conforming 
(C) A conforming loan that is non-conventional 
(D) A non-conforming loan that is non-conventional - correct answer (B) A conventional mortgage that is non-conforming 
 
WHY? 
 
Non-conforming because it is a Second Mortgage and that falls outside the Frannie Mae - Freddie Mac guide...
-
RECA Fundamentals Exam Questions and Answers Already Passed
- Exam (elaborations) • 34 pages • 2023
-
- $9.99
- 12x sold
- + learn more
RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
-
Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
-
- $11.19
- + learn more
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...
-
MLO Test Questions & Answers 100% correct 2024
- Exam (elaborations) • 57 pages • 2024
-
Available in package deal
-
- $18.49
- + learn more
Which of the following best describes a 2nd mortgage loan? 
(A) A conventional mortgage that is conforming 
(B) A conventional mortgage that is non-conforming 
(C) A conforming loan that is non-conventional 
(D) A non-conforming loan that is non-conventional correct answers(B) A conventional mortgage that is non-conforming 
 
WHY? 
 
Non-conforming because it is a Second Mortgage and that falls outside the Frannie Mae - Freddie Mac guidelines 
 
It is important to understand that a conforming lo...
And that's how you make extra money
-
Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
-
- $14.59
- + learn more
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...
-
Rockwell Ch.10 Quiz – Latest Update Graded A+
- Exam (elaborations) • 16 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
Rockwell Ch.10 Quiz – Latest Update 
 
Graded A+ 
 
A buyer obtains a conventional loan for $180,000. The sales price of the property is $200,000. 
This could be considered a/an: 
 
a. 80% loan 
 
b. 90% loan 
 
c. 95% loan 
 
d. non-conforming loan b. 90% loan 
 
Explanation: The loan-to-value ratio of the loan is 90% ($180,000 / $200,000 = 0.9). 
 
A buyer obtains an 90% institutional loan for $180,000 toward the purchase of a $200,000 house. 
The buyer does not have the necessary $20,000 fo...
-
Florida Real Estate STATE exam Questions and Answers 100% Pass
- Exam (elaborations) • 15 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
Florida Real Estate STATE exam Questions and Answers 100% Pass 
The best protection that the public has during a Real Estate transaction is (are) 
A. The national and state association of REALTORS 
B. The punishment of licensees dealing dishonesty 
C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law 
A group license 
A. allows a broker to have a branch office 
B. allows a sales associate to work for more than one broker 
C. may be held by a...
-
Ohio Real Estate Exam test bank Questions with answers 2023
- Exam (elaborations) • 17 pages • 2023
- Available in package deal
-
- $19.99
- 2x sold
- + learn more
Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? 
CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect 
 
 
 
A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive 
CORRECT A...
-
Xinnix SOAR Final Questions and Answers Already Passed
- Exam (elaborations) • 50 pages • 2024
- Available in package deal
-
- $14.49
- + learn more
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 ...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia