0 of 12 Questions completed
Questions:
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 12 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Average score |
|
Your score |
|
What are the two major types of loans?
What is the nature of a conventional loan?
Why conventional loans are viewed as secure?
When are conventional loans called conforming loans?
Government-sponsored enterprise that buy loans from lenders and repackage them in mortgage-securities to be sold on secondary markets.
How much can a buyer deposit through FHA(Federal Housing Administration)?
How much can a buyer deposit under the VA(Veterans Affairs)?
Under which financing method the seller carries a portion (or sometimes all) of the loan for the buyer?
The seller acquires financing that wraps the new buyer’s mortgage around the seller’s existing mortgage.
What financial method deals with two or more properties pledged as security for repayment of the loan?
When are loans called non-conforming loans?
As you continue to make payments, the certificate of title is held by…