ACEABLE AGENT- REAL ESTATE FINANCE EXAM WITH GUARANTEED ACCURATE ANSWERS
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Course
ACEABLEAGENT- REAL ESTATE FINANCE
Institution
ACEABLEAGENT- REAL ESTATE FINANCE
Who owns the property when the borrower has a reverse mortgage? - ACCURATE ANSWERS Borrower
A period of significantly reduced economic activity that lasts longer than six months is known as - ACCURATE ANSWERS Recession
Stabilized high unemployment, home foreclosures and low govt interest rate...
ACEABLE AGENT- REAL ESTATE
FINANCE EXAM
ACEABLE AGENT- REAL ESTATE FINANCE EXAM WITH GUARANTEED ACCURATE
ANSWERS
Who owns the property when the borrower has a reverse mortgage? - ACCURATE
ANSWERS✔✔ Borrower
A period of significantly reduced economic activity that lasts longer than six
months is known as - ACCURATE ANSWERS✔✔ Recession
Stabilized high unemployment, home foreclosures and low govt interest rates are a
sign of which phase of real estate cycle - ACCURATE ANSWERS✔✔ Recovery
When Fannie Mae packages Kona's to be sold to investors they are creating -
ACCURATE ANSWERS✔✔ Mortgages backed securities
, Why would a lender want to sell their loans on a secondary market - ACCURATE
ANSWERS✔✔ Bc if they don't their mortgage loans are illiquid and their funds
will be tied up in long term assets
Why are real estate bonds considered a safe investment - ACCURATE
ANSWERS✔✔ Bonds are tied to property that can be sold to compensate for a
default
NOT Required to obtain a VA loan - ACCURATE ANSWERS✔✔ Must have at
least 3.5% down payment
What is an adjustable rate mortgage (ARM) - ACCURATE ANSWERS✔✔
Mortgage with an interest rate that can be adjusted based on fluctuations in the cost
of money
What are Experian, Equifax, and transunion - ACCURATE ANSWERS✔✔ Credit
reporting agencies
Which of the following individuals works with a borrower and multiple lenders to
find competitive loan terms - ACCURATE ANSWERS✔✔ Mortgage brokers
Which of the reasons for foreclosure would allow a former homeowner to access a
two year right of redemption period - ACCURATE ANSWERS✔✔ Unpaid ad
valorem taxes
What federal agency is credited with creating fully amortized 20,30, and 30 year
mortgages - ACCURATE ANSWERS✔✔ FHA
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