Real Estate Lenders, FHA, VA, Calvet Loans, and the Secondary Mortgage Market

Bạn có thể đăng tin buôn bán nhà cửa cho cộng đồng Người Việt ở Mỹ miễn phí sau khi thi lý thuyết đậu và có bằng môi giới bất động sản:

RAO VẶT BUÔN BÁN NHÀ CỬARAO VẶT LITTLE SAIGON

 

Nếu bạn có nhà cho thuê, hoặc muốn thuê nhà, thuê văn phòng thì có thể rao vặt hoặc xem tin miễn phí:

NGƯỜI VIỆT RAO VẶT MIỄN PHÍCHO THUÊ NHÀ, PHÒNG

Bạn có thể bắt đầu thi lý thuyết trắc nghiệm real estate salesperson:

1. 

Mutual savings banks are located primarily in the __ part of the United States.

2. 

Which of the following is corect?

3. 

The term impounds refers to:

4. 

The major purpose for which the Federal National Mortgage Association (FNMA) was created was to:

5. 

Rental housing loans are available through:

6. 

Who pays for Mutual Mortgage Insurance?

7. 

An advantage of FHA financing is not that it:

8. 

Which of the following is true?

9. 

When are the premiums paid on the insurance for an FHA loan?

10. 

CALVET loans are made from:

11. 

A mortgage loan correspondent would be regulated primarily by:

12. 

A borrower has a gross monthly income of $3,400. The borrower wishes to obtain a loan in which the mortgage payment including taxes and insurance will be $950. The borrower is making long term debt payments of $350 per month. The back-end ratio would be:

13. 

Title is held under a CALVET loan by:

14. 

Which of the following is an open-end loan?

15. 

An advantage of a government-insured loan compared with a conventional loan would not be a:

16. 

As to loan brokers, which of the following is true?

17. 

A CALVET/VA loan differs from other CALVET loans in that it can be obtained:

18. 

A buyer was able to get down payment assistance as well as a below market rate of interest. Where did she obtain this loan?

19. 

Disintermediation refers to:

20. 

As to mortgage brokers and mortgage bankers, which of the following is true?

21. 

A substantial down payment in real estate:

22. 

Which of the following is not a characteristic of VA loans?

23. 

FHA mortgage insured loans are made by:

24. 

An advantage of FHA financing to the buyer is:

25. 

A loan-t0-value ratio is best described as:

26. 

A broker aided a buyer in the preparation of fraudulent income statements in order to qualify for a bank loan. This would:

27. 

The lender's best protection would be:

28. 

FICO refers to:

29. 

Title I FHA loans:

30. 

The government is actually the lender of:

31. 

A CRV would be needed for a(n) ___ loan.

32. 

A prospective homebuyer is interested in a home that will have a PITI payment of $1,800. His gross monthly income is $7,600. What is his front-end ratio?

33. 

As a general rule, the difference between individual and institutional lenders is that individual lenders:

34. 

"It is now operating under a conservatorship" describes:

35. 

The property is usually in close proximity; small loans and business loans are preferred; and the past record of the customer is important. What type of lender does the preceding description represent?

36. 

Which of the following is not a general characteristic of loan broker-arranged secondary financing?

37. 

A government agency that issues mortgage-backed securities would be:

38. 

William, whose credit is good, wants to buy a small business. He is a good customer of the bank where he heeps his account. The business he wants to buy is a reasonable one to make money. Who will most likely be the lender?

39. 

The primary advantage that an FHA loan offers to an institutional lender over a conventional loan is:

40. 

Insurance companies, in givin real estate loans:

41. 

A veteran is purchasing a home under the California Veterans Farm and Home Purchase Program. Who would be designated the grantee in the grant deed given by the seller?

42. 

A veteran wishes to refinance her home with a VA loan. The lender is willing but insists on 31/2 points.

43. 

With a monthly gross income of $3,800, loan payment (PITI) of $1,142, and long term monthly debt obligations of $340, the back end ratio would be:

44. 

A lending institution might make a government-insured or goverment guaranteed loan rather than a conventional loan at higher interest because of:

45. 

Both FHA and VA loans cover:

46. 

In considering the liquidity of its mortgage portfolio, a lender would be realating to:

47. 

A number of people wish to invest money only in a real estate project but wish to limit their liability. They would form a:

48. 

Under federal law, a real estate trust must have:

49. 

The highest interest rate is most likely to be charged by:

50. 

A lender who sells the loans it makes is likely:

51. 

A lender on a note signed by multiple borrowers would prefer that their liability be:

52. 

A borrower obtained a haft-million dollar home purchase loan at a low rate without a down payment. He likely went to:

53. 

Which loan is available for registered domestic partners?

54. 

In California most of the real estate syndicates are:

55. 

The source of money for most home loans by institutional lenders is:

56. 

A low loan to value ratio would be indicative of:

57. 

On a $45,000 loan, the VA guarantee would be:

58. 

After a borrower pays off a CALVET loan by:

59. 

The function of Ginnie Mae do not include:

60. 

A seller insists on $280,000 as a sales price. The buyer can obtain an FHA loan of $270,000 but has only $6,000 down. The broker should:

61. 

A broker should direct a buyer on an offer contingent on an FHA loan to:

62. 

Which of the following is true?

63. 

Which of the following loans is not available for the purchase of a farm?

64. 

A construction loan would most likely be made by:

65. 

An insurance company is least likely to make a loan on a(n):

66. 

In evaluating a man's income for a loan, the least weight would be given to:

67. 

A buyer wishes to obtain a loan on a house and assume the bonded indebtedness. Which of the following would be true?

68. 

If appraisal on a VA loan is less than the purchase-price agreement:

69. 

The amount of a VA loan is limited to:

70. 

In buying a home for rental use, a borrower would not obtain:

71. 

Which type of property has the highest loan-to-value ratio?

72. 

Albert lost his job but his house payments were made for him because he had a:

73. 

Life and disability insurance must be purchased by a borrower under a(n) ___ loan.

74. 

A prospective homebuyer is interested in a home that will have a PITI payment of $1,800. His gross monthly income is $7,600. The buyer has long term debt payments of $1,420 per month. What is his back-end ratio?

75. 

A borrower has a gross monthly income of $3,400. The borrower wishes to obtain a loan in which the mortgage payment including taxes and insurance will be $950. The front-end ratio would be:

76. 

A borrower did not have a sufficient down payment for an FHA loan. The broker loaned the buyer $1,000 on a personal note in order for the buyer to complete this transaction. This loan:

77. 

Which of the following is not a description of FHA loans?

78. 

Their loans are all variable rate. What agency is this?