Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
logo-home
Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 11,34 €   Ajouter au panier

Examen

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)

 47 vues  3 fois vendu
  • Cours
  • Champions school of real estate
  • Établissement
  • Champions School Of Real Estate

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a b...

[Montrer plus]

Aperçu 2 sur 13  pages

  • 7 janvier 2024
  • 13
  • 2023/2024
  • Examen
  • Questions et réponses
  • Champions school of real estate
  • Champions school of real estate
avatar-seller
Champions School Of Real Estate –
FINANCE Exam || Complete Questions &
Answers (Graded A+)
The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities
The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting
Which of the following Federal Fair Housing statues prohibit housing discrimination - ANSWER - National Origin
All residential mortgage loan originators must now be registered with the ______. - ANSWER - Nationwide Mortgage Licensing System and Registry (NMLSR)
A young couple would like to buy a rundown house, with a high credit score, but the lender refuses to sell in that location. What is the lender guilty of? - ANSWER - Redlining under the Community Reinvestment Act (CRA)
The ______ prohibits Redlining. - ANSWER - Community Reinvestment Act
The state of Texas plays a role in affordable housing through the _______. - ANSWER -
The Texas Department of Housing and Community Affairs (TDHCA)
To participate in the Texas Veterans Loan Board Program a veteran can obtain any of these loans:
A. VA
B. FHA
C. Conventional
D. All of the above - ANSWER - D. All of the above
Eligible borrower under the VLB Veterans Housing Assistance Program (VHAP) include:
A. Disabled B. Texas Born/ Native
C. Honorable and Dishonorably discharged
D. Surviving spouses of Texas veterans - ANSWER - D. Surviving spouses of Texas Veterans How many days according to the Truth in Lending disclosure when must the buyer receive the Closing Disclosure (CD) from the lender? - ANSWER - Three business days
before the customer closes the loan.
_______ was established in 1970 for the purpose of purchasing mortgages in the Secondary Market. - ANSWER - Freddie Mac
A claim, lien, charge, or liability attached to and binding real property is an - ANSWER - encumbrance
A ______ is a right given by law to creditors to have debts paid out of the property of a defaulting debater. - ANSWER - Lien
A mortgage is a pledge of real estate as security for repayment of debt in which the borrow is known as ______ - ANSWER - Mortgagor
Which of the following is a lender? - ANSWER - Morgagee
Which of the following contains the borrowers personal promise to pay a debt? - ANSWER - The note
When a property is foreclosed and sold at an auction for less that what is owed, the lender may sue the borrower for a _____. - ANSWER - Deficiency Judgement
A borrower under the deed of trust .... proceed exceeded $5,000, who is entitled to the $5,000? - ANSWER - The debtor, borrower, mortgagor
In a contract for deed transaction, when does the borrower receive the deed? - ANSWER - When the final loan payment is made.
A second mortgage is ______ to the first mortgage. - ANSWER - Subordinate
A ______ clause gives the borrower the ability to replace the primary instrument with another without affecting the position of the subordinate instrument. - ANSWER - Lifting
Which clause in a mortgage allows a lender to move to or take a secondary lien - ANSWER - Subordinate clause
"HOUSE" When calculating the monthly payment the lender will add - ANSWER - 1/12th of the annual taxes and insurance
What do commercial banks, credit unions and mortgage companies have in common? - ANSWER - All components of the primary mortgage market
The ____ is where borrowers and mortgage lenders come together to create and negotiate terms of a mortgage transaction - ANSWER - The primary market

Les avantages d'acheter des résumés chez Stuvia:

Qualité garantie par les avis des clients

Qualité garantie par les avis des clients

Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.

L’achat facile et rapide

L’achat facile et rapide

Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.

Focus sur l’essentiel

Focus sur l’essentiel

Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.

Foire aux questions

Qu'est-ce que j'obtiens en achetant ce document ?

Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.

Garantie de remboursement : comment ça marche ?

Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.

Auprès de qui est-ce que j'achète ce résumé ?

Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur conceptialresearchers. Stuvia facilite les paiements au vendeur.

Est-ce que j'aurai un abonnement?

Non, vous n'achetez ce résumé que pour 11,34 €. Vous n'êtes lié à rien après votre achat.

Peut-on faire confiance à Stuvia ?

4.6 étoiles sur Google & Trustpilot (+1000 avis)

78998 résumés ont été vendus ces 30 derniers jours

Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans

Commencez à vendre!
11,34 €  3x  vendu
  • (0)
  Ajouter