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VA loans in Georgia cannot be made by who:
Loans are called non-conforming only:
Conventional loan nature:
The seller carries a portion (or sometimes all) of the loan for the buyer, under which financing method?
What does PMI (private mortgage insurance) purchased by a buyer not include?:
Loans guaranteed or insured by the Federal Housing Administration, the Department of Veterans’ Affairs, and the Rural Housing Service are _____________
Choose the incorrect statement about qualifying ratios
Using the equity of your home to borrow against is called
A lender in Georgia calculates the PMI of a $220,000 home with $28,600 down payment with a ____ loan.
What goes into effect when a borrower falls behind?
The process of getting new loans is referred to as _________ by the lender.
The type of loan that will most likely have the lowest loan-to-value ratio is not a(n):
A loan in which the borrower makes only interest payments is called a(n)
Which of the following most accurately descibes how an individual becomes “pre-qualified”?
The short-term interim loan for financing the cost of contruction is the ______ ?
Of the following, which loan would an elder get when using the equity of their home to say in their house?:
A loan that is not federally related would be:
A _____________ is the statement in which a lender discloses whether or not they will service the loan.
Which of the following can guarantee or insure government loans?:
The limitation of how much an ARM may adjust over a six month period, annual period, and over the life of the loan is known as: