Champions finance - Study guides, Class notes & Summaries

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing The primary determinants of real estate values are supply and _____. - Answer- Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral Servicing includes which of the following activities? - Answer- Maintaining records of payment The monet...

Champions Finance Questions and Answers 100% Correct! Three of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderwriting Fiscal policy, which is related to Federal Government spending is approved by: - ANSWERSUS Congress The US Treasury is responsible for raising money; funds can be raised by: - ANSWERSRais...

CHAMPIONS REAL ESTATE FINANCE EXAM ALL QUESTIONS AND CORRECT DETAILED ANSWERS LATEST VERSION ALREADY A GRADED HIGHLY RECOMMENDED BY EXPERTS | NEW AND REVISED

Champions Real Estate Finance Exam Review (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION HUD established as a cabinent dept by Dept of Housing & Urban Development Act QUESTION HUD was created in ____________________. Answer: 1965 QUESTION FHA (Federal Housing Administration) Answer: provides mortgage insurance on loans made by approved lenders throughout U.S. QUESTION Community Development Block (CDBG...

CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM ACTUAL EXAM LATEST COMPLETE 220 QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY GRADED A+.p

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct 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 appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

CHAMPIONS REAL ESTATE FINANCE LATEST EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+CHAMPIONS REAL ESTATE FINANCE LATEST EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+

Champions Real Estate Finance 1 - Texas, Champions School of Real Estate - Finance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM LATEST EXAM A AND B WITH PRACTICE EXAM COMPLETE 270 QUESTIONS AND DETAILED CORRECT ANSWERS ALREADY GRADED A+

Champions Real Estate Finance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION By FHA paying a claim to the lender in the event of a homeowner's default does this increase or reduce the risk? Answer: FHA will bear less risk and lower the risk QUESTION This can be paid at closing or added to the loan at funding Answer: UFMIP Up Front Mortgage Insurance Premium QUESTION What is the LTV of an FHA loan ...