Real Estate Finance I-CHAMPIONS,LATEST PREMIUM UPDATE ()|130 BRAND NEW VERIFIED EXAM QUESTIONS AND CORRECT ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS.

Real Estate Finance I-CHAMPIONS,LATEST
PREMIUM UPDATE (2024-2025)|130 BRAND
NEW VERIFIED EXAM QUESTIONS AND
CORRECT ANSWERS,ALL GRADED
A+|GUARANTEED SUCCESS.




The minimum downpayment on a VA loan is:

(a) 2% of the sales price

(b) 0% of the sales price

(c) 3.75% of the sales price

(d) 1% of the sales price - ANSWER✅✅B

_________ is the process of creating a new mortgage loan.

(a) Origination

(b) Funding

(c) Underwriting

(d) Servicing

* - ANSWER✅✅A

, A veteran can have more than one VA loan:

(a) If the prior VA loan was paid in full and the property disposed of

(b) The prior VA loan was assumed by an eligible veteran who substituted their
entitlement

(c) A or B

(d) Under no circumstances - a VA loan is a "once in a lifetime" benefit

* - ANSWER✅✅C

_________ are not-for-profit organizations that exist to serve their members.

(a) Mortgage companies

(b) Credit unions

(c) Insurance companies

(d) One that cannot be financed - ANSWER✅✅B

A qualifying ratio that compares the borrower's proposed house payment to their
gross monthly income is the __________.

(a) Back ratio

(b) Appraisal ratio

(c) Front ratio

(d) Loan to value ratio - ANSWER✅✅C

Periodic payment amounts such as principal & interest, estimated escrow,
estimated monthly payment, and __________ must be disclosed in the Projected
Payments section of the Loan Estimate form.

(a) Mortgage Insurance

(b) Homeowner's insurance

(c) Property value

(d) Estimated inspection cost - ANSWER✅✅A