MA Salesperson Exam Module 10: Real Estate Financing Mostly Tested Questions and Correct Answers (100% Pass
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Course
MA Salesperson
Institution
MA Salesperson
secondary mortgage market
-banks have the option to sell off the loan investors
-After the loan is sold (either at a discount for less that its worth or at a
premium for more than it's worth) the mortgagor may either make
payments directly to the loan's new owner, or they might keep paying ...
✓ founded in 1970. Specialized in conventional, FHA, and VA loans.
Freddie Mac and Fannie Mae are run under
✓ the federal housing financing agency
Government National Mortgage Association (Ginnie Mae)
✓ Founded in 1968. Specialized in FHA low-income loans
Fully Amortized Loans
✓ -also known as direct reduction loans
✓ -loans that are completely paid off when the last payment is made
amoritization
✓ they payment of debt in equal installments
debt service
✓ payments
principal
Master01 | November, 2024/2025 | Latest update
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