Champions finance stuvia - Study guides, Class notes & Summaries
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Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate
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Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate V 
 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - ANSWER-B 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding
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Real Estate Finance I-CHAMPIONS Exam Questions with correct Answers
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The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - ANSWER-B 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
 
* - ANSWER-A 
 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of 
 
(b) The prior VA loan was assumed by an eligible ...
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Champions - Real Estate Finance EXAM 2024 Questions & Answers 100% Correct!!
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Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. 
 
Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender. 
 
Funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement. 
 
Servicing - ANSWERSSending monthly payment statements and collecting monthly payments, maintaining paymen...
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions 
Loan-to-Value Ratio (LTV) - ANSWER-The percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or app...
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Champions Real Estate Finance Questions & Answers 100% Correct!!
- Exam (elaborations) • 15 pages • 2024
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Loan-to-Value Ratio (LTV) - ANSWERSThe percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. 
 
Package Mortgage - ANSWERSIncludes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - ANSWERSCovers more than one piece of property. 
 
Wraparound Mortgage - ANSWERSMethod of financin...
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Champions Real Estate Finance Questions & Answers 100% Correct!!
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Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. 
 
Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWERSin 1970 for the purpose of purchasing mortg...
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Champions - Real Estate Finance EXAM 2024 Questions & Answers 100% Correct!
- Exam (elaborations) • 20 pages • 2024
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Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. 
 
Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender. 
 
Funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement. 
 
Servicing - ANSWERSSending monthly payment statements and collecting monthly payments, maintaining paymen...
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Real Estate Finance – Champions Questions And Answers 100% Correct!
- Exam (elaborations) • 9 pages • 2024
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Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% Correct! 
 
Real Estate Finance – Champions Questions And Answers 100% C...
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Champions Real Estate Finance Questions And Answers 100% Correct!
- Exam (elaborations) • 10 pages • 2024
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Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Champions Real Estate Finance Questions And Answers 100% Correct! 
 
 
Cha...
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Real Estate Finance Champions Exam Questions & Answers 100% Correct
- Exam (elaborations) • 6 pages • 2024
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Real Estate Finance Champions Exam Questions & Answers 100% Correct 
 
Real Estate Finance Champions Exam Questions & Answers 100% Correct 
 
Real Estate Finance Champions Exam Questions & Answers 100% Correct 
Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWER-Experian, Equifax, and TransUnion
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