Fha mortgage insurance Study guides, Class notes & Summaries
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Escrow Sample Test Questions and Answers Rated A
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Escrow Sample Test Questions and Answers Rated A 
An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...
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NMLS Safe Test Mortgage Licensing Practice Exam with 100% correct answers 2022-23
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Which federal law requires that the Loan Estimate be provided to the borrower within 
three business days of the time of loan application is taken? - ANSWER-TILA 
What type of scam entails homeowners who are encouraged to refinance their property 
over and over until little or no equity remains? - ANSWER-Loan flipping or churning 
After a loan closing, funds are disbursed. When are the funds disbursed for an owneroccupied, residential refinance? - ANSWER-After 3 business-day rescission period 
W...
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Gold Coast Final Exam Questions and Answers 100% Solved
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Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note 
What is the post licensing grace period after first expiration ? none 
Deposits is a form of... valuable consideration 
Physical land and improvements real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes 
What is the maximum fine per offense ? $5,000 per fine...
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HECM Practice Exam 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2023
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The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWER-b 
 
If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cost of repairs. 
c. 100% of the estimated cost of...
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Xinnix Ground School | 145 Questions with 100% Correct Answers
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Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - False A borrower requesting a jumbo loan will qualify for an agency loan - False Trailing spouse income can be used for qualifying purposes. - False The following are types of renovation mortgages - FNMA Homestyle and FHA 203...
Too much month left at the end of the money?
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HUD Certification Exam with 100% Correct Answers 2023
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Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of 
real estate 
Redlining - Correct answer-The practice of refusing to make residential loans or 
imposing more onerous terms on any loans made because of the predominant race, 
color, national origin, religion, sex, disability, or familial status of the area's residents. 
Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin 
Luther King Jr., Congress passed what monumental piece of ...
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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Real Estate NJ Test with Questions and Correct Answers| Graded to Pass
- Exam (elaborations) • 13 pages • 2023
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A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 
 
A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres 
 
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...
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Law of Contracts - CHAMPIONS TEST 2023 (Answered)
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Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud 
 
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days 
 
__________ extend above the surface without limitation. - Answer- air rights 
 
An example(s) of an appurtenance would be: - Answer- easements 
 
There is no upper limit on the value of a Texas homestead. - Answer- true 
 
A(n) __________ is one that combines some of ...
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Champions Real Estate Finance Final Exam With Correct Answers 2024
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Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-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...
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