Reverse mortgage 4 - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Reverse mortgage 4? On this page you'll find 292 study documents about Reverse mortgage 4.
Page 3 out of 292 results
Sort by
-
Xinnix Ground School Questions and Answers Already Graded A
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
Xinnix Ground School Questions and 
Answers Already Graded A 
first-time homebuyer - Answer ️️ -Someone who has never owned a home 
Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is 
looking to move up in price, location, size, etc. 
Relocation Homebuyer - Answer ️️ -Purchasing a new home in a different city or state due to 
job transfer or personal desire 
Affluent homebuyer - Answer ️️ -Well seasoned in home buying process. Knowledgeable, 
fin...
-
HECM REVERSE MORTGAGE EXAM QUESTIONS AND ANSWERS 100% PASS
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
HECM REVERSE MORTGAGE EXAM QUESTIONS AND 
ANSWERS 100% PASS 
HOME EQUITY - Answer- HOME VALUE MINUS LIENS ON THE HOME 
PURPOSE OF A REVERSE MORTGAGE - Answer- GENERATE CASH 
FORWARD MORTGAGE PURPOSE - Answer- THE ORDINARY MORTGAGE MOST 
PEOPLE USE TO PURCHASE HOME 
FORWARD MORTGAGE - Answer- BORROWERS EQUITY INCREASES OVER TIME 
THE LOAN BALANCES DECREASES AS PAYMENTS ARE MADE TO LENDER 
REVERSE MORTGAGE - Answer- RISING DEBT FALLING EQUITY TRANSACTIONS 
HECM BASIC FEATURES - Answer- THE BORROWE...
-
NMLS Exam Questions with Correct Answers.docx
- Exam (elaborations) • 31 pages • 2024
-
Available in package deal
-
- $13.39
- + learn more
NMLS Exam Questions with Correct A 
 
Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct 
 
Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...
-
NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified
- Exam (elaborations) • 19 pages • 2023
-
- $14.99
- + learn more
NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified. TILA disclosure must be given to the applicant within how many days after receiving the 
signed loan application for a reverse mortgage - ANSWER 3 business days 
Truth in lending disclosure must be delivered within how many business days prior to 
closing a reverse mortgage - ANSWER 7 days 
The APR must be finalized at least how many days before closing? - ANSWER 3 days 
A company with which a consumer has an establ...
-
SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
SAFE Mortgage Loan Originator Test - 
National Component with Uniform State 
Content Exam Questions With Verified 
Answers 
What does UST stand for? - answerUniform State Test 
Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects 
consumers in the financial marketplace. 
What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing 
most of the provisions of federal lending laws that relate to protecting consumers while they are 
shopping for,...
Make study stress less painful
-
Superior NC Real Estate Important Final Exam Questions With 100% Correct Answers.
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
A buyer is to assume an existing loan of $80,000 at 9.5% with the approval of the lender. The interest on 
the loan, which is paid in arrears, would appear on the closing statement as: 
A.A single entry; debit to the seller 
B.A single entry: credit to the buyer 
C.A double entry: debit to the seller, credit to the buyer 
D. A double entry: credit to the seller, debit to the buyer - C. a double entry: debit to the seller, 
credit to the buyer. 
When a loan is assumed there is no new loan being e...
-
HECM Test Exam Questions And Revised Correct Answers 2024
- Exam (elaborations) • 19 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
HECM Test Exam Questions And Revised Correct 
Answers 2024 
A borrower got her HECM loan many years ago when the lending limit for her county 
was $600,000. Her home is appraised for $800,000. What is the most her repayment of 
the loan could be? 
A. $600,000 
B. $800,000 
C. 75% of appraised value 
D. Net proceeds from selling the home - ANSWERS D 
A borrower has a $200,000 home value. What is the likely upfront cost added to the 
loan balance at closing? (Revisit. Where is the formula?) 
A...
-
Notary Loan Signing Agent Definitions 2024 Exam Questions Marking Scheme
- Exam (elaborations) • 22 pages • 2024
-
- $13.39
- + learn more
Notary Loan Signing Agent Definitions 2024 Exam Questions Marking Scheme 
 
Borrower (Mortgagor) - ANSWER- An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. 
 
Title - ANSWER- Document that gives evidence of ownership of a property. Also indicates the rights of ownership and possession of the property. Individuals who will have legal ownership in the property are considered "on title" and will sign th...
-
OKLAHOMA REAL ESTATE LATEST QUESTIONS WITH 100% CORRECT ANSWERS
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
: According to the common law of agency, a licensee has which of the following obligations to an 
individual that prefers to remain a customer rather than become a client? - Answer-HONESTY AND FAIR 
DEALING 
"Without both parties' written consent, the broker is prohibited from representing both a seller and a 
buyer in the same transaction," defines: - Answer-DUAL AGENCY 
A asked you to appraise their property. This property had no monthly income and had no comparables in 
the market. You wou...
-
SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
SAFE Mortgage Loan Originator Test - 
National Component with Uniform State 
Content Exam Questions With Verified 
Answers 
What does UST stand for? - answerUniform State Test 
Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects 
consumers in the financial marketplace. 
What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing 
most of the provisions of federal lending laws that relate to protecting consumers while they are 
shopping for,...
Study stress? For sellers on Stuvia, these are actually golden times. KA-CHING! Earn from your study resources too and start uploading now. Discover all about earning on Stuvia