#544 A veteran may receive a VA guaranteed loan only on a single family residence. One to four unit unit residences are ineligible. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A
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02/15/2010
#543 The the VA will guarantee a loan only if the lender does not require a downpayment. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Lender's will make a loan with
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02/15/2010
#542 Discount points always have to be paid by the borrower on an FHA loan. Is this fact true or false ? Remember to take your time. The solution is posted below the wildlife photo. A. False Discount points may be paid by either the borrower
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02/15/2010
#541 When the FHA considers the application of the local loan ceiling for the making an FHA loan, the decision is based on both the costs of mortgage insurance and the debt-to-income ratio of the borrower. Is this fact true or false ? Please
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02/15/2010
#540 For hypothetical purposes, a home is located in a low closing cost area of a state and it's selling for $400,000. It was appraised at $410,000. The FHA max ceiling for the loan is $390,000. The maximum amount that the buyer would be able
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02/15/2010
#539 A buyer wants to finance the purchase of a duplex with an FHA loan. The buyer may do this only if the intention is to rent out both of the units. Is this fact true or false ? Please take your time. Te solution is posted below the wi
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02/15/2010
#538 The Federal Housing Administration not only insures the loans it sells, but it buys them also. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The Federal Housing Administrati
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02/15/2010
#537 Secondary financing of a property may always be used to cover the minimum cash investment of the borrower as long as the sum of the two loans exceed the properties value. Is this fact true or false ? (puhleeez, you better not miss thi
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02/15/2010
#536 If secondary financing is used in alignment with a conventional loan it may never be partially or fully amortized with a balloon payment. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo.
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02/15/2010
#535 A man is applying for aconventional loan with an LTV of 90%. He has a monthly income of 3000 dollars a month. His total monthly recurring debt obligations equal 500 dollars. What is the maximum monthly mortgage payment that this buyer w
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02/15/2010
