Author: Anonymous

The maximum amount guaranteed to a lender on a Department of Veterans Affairs (VA) loan is

A bank is foreclosing on a property with an outstanding loan balance of $80,000. The loan carries private mortgage insurance. The mortgage insurance company would likely pay the bank the amount of the bid and take title to the property if:

An appraiser is appraising a five-story historic office building. The building was constructed in 1880 and is not compatible with installing central air conditioning. This is an example of

Private mortgage insurance (PMI) is issued for the protection of the

A couple has been notified that they are in default on their mortgage payments and that the entire amount of the loan is now due. Their loan likely includes a(n):

A loan processor with a mortgage company who is preparing the loan package for a borrower’s application will need to include all of the following EXCEPT

Which of the following split loans would require private mortgage insurance?

Homeowners should only consider foreclosure if the house is worth:

A recorded deed, or recorded note and mortgage is considered to be

The new lender disclosure form called the Closing Disclosure replaces the