Study guides, Class notes & Summaries

Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A Q: The money that mortgage companies use to make loans come from the sale of ________, which is considered a business transaction, not a savings account deposit procedure. Answer: Bonds Q: Government entities regularly sell bonds to Answer: Fund major capital investments Q: Advantage of municipal bonds is Answer: That the interest paid to investors is not subj...

Champions Real Estate Finance Exam New 2024 Version Best Studying Material with All Questions and 100% Correct Answers

Champions Real Estate Finance Exam| Questions and Verified Answers| 100% Correct| A Grade (2024/ 2025) QUESTION The entitlement of a veteran,: which relates to the size of the loan that a veteran may receive. Veteran can use his or her entitlement more than once however only one entitlement per veteran may be active at any given time. Entitlement may provide for as little as 0% down financing the full price of the property. QUESTION Front ratio Answer: Used to qualify a...

Champions Real Estate Finance Exam Study Guide (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION Truth in Lending Act (TILA) A United States federal law that is designed to protect consumers in any credit transactions by requiring clear disclosure of key terms of lending arrangments all associated cost. QUESTION Trigger Terms Answer: Specific credit terms that may not be advertised unless the advertisement includes other detai...

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 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 ...

CHAMPIONS REAL ESTATE FINANCE EXAM REAL EXAM 2024 | ALL QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST UPDATE (JUST RELEASED)

CHAMPIONS REAL ESTATE FINANCE EXAM STUDY GUIDE | ALL EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION 2024

Champions Real Estate Finance Latest Version Graded A+ Loan-to-Value Ratio (LTV) 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 Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage Covers more than one piece of property. Wraparound ...

Federal National Mortgage Association (FNMA) known as, Fannie Mae - Answer-began 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) - Answer-in 1970 for the purpose of purchasing mortg...

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 monetary policies of the _____affects interest rates and the availability of funds. - Ans...