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REAL ESTATE FINANCE CHAMPIONS EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERFIED ANSWERS) |ALREADY GRADED A+$21.99
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REAL ESTATECorrect
FINANCE
0
CHAMPIONS EXAM
NEWEST
0% 2024 ACTUAL EXAM COMPLETE 250
Incorrect 65
QUESTIONS AND CORRECT DETAILED
ANSWERS
Next steps (VERFIED ANSWERS) |ALREADY
GRADED A+
65 missed terms
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Your answers
1 of 65
Term
The most common occurrences that can result in foreclosure include:
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, Failure to maintain the mortgaged
Payment delinquency
property
Failure to repay property taxes All of the choices are correct
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2 of 65
Term
A portfolio loan is:
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A loan not sold into the
An FHA loan sold in the secondary
secondary market, but retained
market
by the lender
A conventional loan sold to Freddie A construction to permanent loan
Mac sold in the primary market
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3 of 65
Term
,A lender is qualifying borrowers on a 36% ratio which includes house
payment and regular monthly obligations. The borrower has a gross
monthly income of $8,200 per month, and regular debt obligations
totaling $1,375 per month. What is the maximum monthly payment for
which this buyer will qualify?
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$1,523 $1,789
$1,577 $1,543
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4 of 65
Term
If a borrower is in default, the mortgage servicer may start the _________
process.
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Forestalling Closing
Casting Foreclosure
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5 of 65
Term
_________ are not-for-profit organizations that exist to serve their
members.
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Mortgage companies Credit unions
Insurance companies One that cannot be financed
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6 of 65
Term
The _____ mortgage market is made up of the businesses that lend to
borrowers for the pur- chase of real estate.
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