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Class Real Estate Test > Chapter 13 > Flashcards

Chapter 13 Flashcards

1
Q

FHA prepayment privilege

A

Prepayment without penalty

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2
Q

VA Loan

A

Owner occupied
Certificate of eligibility
serve a specified amount of time
How the vet will qualified-disability not req

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3
Q

Mortgage Amortization (MATH # 4)

A

Principle Balance x rate divided by 12=

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4
Q

Margin

A

Will remain constant

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5
Q

Federal Reserve System

A

Discount rate-least effective, most publicity

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Class Real Estate Test (19 decks)

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