What is a heloc loan - Study guides, Class notes & Summaries

NOTARY Signing Agent Certification Exam Questions and Answers 100% Pass Who are the stakeholders in the loan process? The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? A closing company could be: -closing agent -bank -escrow compa...

NMLS SAFE EXAM QUESTIONS WITH SOLUTIONS What does TILA stand for? Truth-In-Lending Act, Regulation Z What is a HELOC loan? a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? LTV stands for Loan to Value Define PMI and state what the acronym stands for. Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? Dis...

A borrower's income is a factor considered when determining the principal limit (maximum loan amount) for a reverse mortgage. - False A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered.... - A gift from a relative and would require a gift letter, as well as proof that the funds have been transferred to the borrower's account A borrower can use a credit card to pay for their required down payment. - Response: False...

NOTARY Signing Agent Certification EXAM QUESTIONS AND CORRECT ANSWERS Who are the stakeholders in the loan process? - ANSWER The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - ANSWER An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - ANSWER A closing company could be: -closing a...

NMLS SAFE EXAM STUDY GUIDE What does TILA stand for? - Truth-In-Lending Act, Regulation Z What is a HELOC loan? - a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - LTV stands for - Loan to Value Define PMI and state what the acronym stands for. - Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? - Disabled veterans and survi...

NOTARY Signing Agent Certification EXAM QUESTIONS AND CORRECT ANSWERS Who are the stakeholders in the loan process? - ANSWER The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - ANSWER An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - ANSWER A closing company could be: -closing a...

Who are the stakeholders in the loan process? : The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? : An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? : A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's 2 | P a g e What types o...

What does TILA stand for? Truth-In-Lending Act, Regulation Z What is a HELOC loan? a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? LTV stands for Loan to Value Define PMI and state what the acronym stands for. Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? Disabled veterans and surviving spouses. USDA loans are also called what? 50...

NOTARY Signing Agent Certification Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified Who are the stakeholders in the loan process? - The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - A closing company could be: ...

NOTARY Signing Agent Certification Exam Questions with Correct Answers Who are the stakeholders in the loan process? - Correct Answer The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - Correct Answer An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - Correct Answer A closing company could b...