finance bob brooks (section 3) Questions and Correct Answers | Latest Update
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Course
Finance bob
Institution
Finance Bob
All of the following are government operated or supervised agencies in the secondary
mortgage market EXCEPT
Select one:
a. Fannie Mae
b. Maggie Mae
c. Ginnie Mae
d. Freddie Mac
maggie mae
The clause in a mortgage which benefits the lender if the buyer defaults is the
acceleration
...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
finance bob brooks (section 3) Questions
and Correct Answers | Latest Update
All of the following are government operated or supervised agencies in the secondary
mortgage market EXCEPT
Select one:
a. Fannie Mae
b. Maggie Mae
c. Ginnie Mae
d. Freddie Mac
maggie mae
The clause in a mortgage which benefits the lender if the buyer defaults is the
acceleration
Discount points are based on the
mortgage loan
For a mortgage to be enforceable, the following is needed:
a promissory note
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Discount Points are figured on the
loan balance
Usury does NOT apply to
FHA and VA loans
with an FHA Loan, when the selling price exceeds the appraised value, what will the loan be
made on?
Appraised price
To compute the dollar value of a loan discount, each point is equal to
The correct answer is: 1% of the amount to be loaned.
When assuming a loan it is best for the Buyer to assume the loan
subject to
Jim Jones sells his furnished home to Mary Smith, who assumes his existing loan of $29,000. All
of the following documents must be prepared for the closing EXCEPT
note and mortgage
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
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