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CHAMPIONS SCHOOL OF REAL ESTATE REAL ESTATE FINANCE EXAM ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS LATEST UPDATE JUST RELEASED$19.99
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CHAMPIONS SCHOOL OF REAL ESTATE REAL ESTATE FINANCE EXAM
ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED
ANSWERS LATEST 2024-2025 UPDATE JUST RELEASED
Through which avenue does the US Treasury promote economic growth?
A - Legislating tax cuts to stimulate the economy
B - Policies that support job creation
C - Giving grants to government enterprises
D - All of these - ANSWER-B - Policies that support job creation
Which of the following is NOT a function of the Department of the Treasury?
A - Enforcing federal finance and tax laws
B - Currency and coinage
C - Campaign finance reform
D - Supervising national banks and thrift institutions - ANSWER-C - Campaign finance reform
According to the Taxpayer Bill of Rights, taxpayers have the right to:
a. pay no more than the correct amount of tax
b. be informed
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c. privacy
d. all of these - ANSWER-D - All of these
When was HARP introduced? - ANSWER-2009
Which refinancing option does HARP offer?
a. change from an adjustable to a fixed rate mortgage
b. lower interest rates
c. shorter term loans
d. all of these - ANSWER-D - All of these
A fixed rate mortgage remains fixed for ______________________.
A - 15 years only
B - The first 5 years of the loan
C - The entire term of the loan
D - 20 years only - ANSWER-C - The entire term of the loan
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Disadvantages of adjustable rate mortgages include possibly increased monthly payments,
__________________, borrower confusion, and high long term costs.
A - Lower overall interest rates
B - Higher loan amounts
C - Falling interest rates during the loan term
D - The inability to refinance early - ANSWER-D - The inability to refinance early
The ratio of the borrower's total recurring
monthly debts - ANSWER-Back Ratio
Insurance cost based on the loan-to-value ratio - ANSWER-Annual Premium
Commonly known as the GI Bill of Rights - ANSWER-Servicemen's Readjustment Act
Direct loans for construction or improvement
on Federal Trust Land - ANSWER-Native American Direct Loan
The size of loan a veteran may receive determined by the term of service - ANSWER-
Entitlement
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