Unit 3 Quiz Attempt #3

Which one is not a loan program available for clients?

A major determining factor in whether a loan applicant will receive a home loan is?

How often can a consumer receive a free credit report?

What does FICO stand for?

What is the lowest credit score in FICO?

Joe is from a rural area and is looking for a loan for a multi-family property, and child centers. What would be the best Government Affordable Homeownership Program for Joe?

A liquid asset is:

What is a liquid asset?

If an individual wants to transfer ownership of a mortgage to another party, what would that be called?

Which of the following is true:?

A report of someone’s credit history is called

Which of the following statements is untrue about mortgage insurance?

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

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

Temporary ownership of a property gained through a purchased interest is known as a:

A condominium form of ownership is officially established once:

__________ 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:

Which of these is a major determining factor in whether a loan applicant will receive a home loan?

VA loans in Georgia may be made by:

A report prepared to determine an applicants creditworthiness is called

Which of the following statements is correct?

What is a person’s financial obligations known as?

Mortgage insurance ______________

Define a debt:

A consumer can receive a free credit score