Unit 3 Quiz Attempt #2

Lenders generally look at a loan applicant’s percentage of

A consumer can receive a free credit score

FICO stands for?

The highest best credit score in FICO is?

Which are types of property ownership?

What is the best option for raising funds for purchasing a home and is supported by the US Government?

____ targets rural area borrowed and gives them access to grants, loans, and loan guarantees for single-family and multi-family purchases, as well as child centers, libraries and more.

What would be the correct term for ownership of a mortgage to be transferred to a different company or individual?

Which best describes a liquid asset?

The definition of a liquid asset is?

What would be the correct term for ownership of a mortgage to be transferred to a different company or individual?

Which insurance policy combines personal liability insurance and hazard insurance?

Define a debt:

What is prepared by a credit bureau and used by a lender in the loan qualification process?

Mortgage insurance ______________

All of the following are correct about “revolving debt” EXCEPT

What is a person’s financial obligations known as?

Which of the following statements is correct?

Which of the following is true about mortgage insurance?

VA loans in Georgia may be made by:

What is prepared by a credit bureau and used by a lender in the loan qualification process?

__________ targets rural area borrowed and gives them access to grants, loans, and loan guarantees for single-family and multi-family purchases, as well as child centers, libraries and more:

Owning one unit in a multi-unit structure together with a specific undivided interest in the common elements as a tenant in common owns a:

Which of the following describes the record of an individual’s repayment of debt, reviewed by mortgage leaders in determining credit risk?

When considering the term “pre-approval”, which of the following is true?