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19 Cards in this Set
- Front
- Back
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Which section of the URLA states mortgage terms?
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What is a 1004?
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Which section of the 1003 provides information for government purposes?
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Which method of appraisal uses a rent schedule?
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What is the 4506-T?
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What is the first step in the title process of a mortgage loan?
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Which documents inform a consumer about servicing?
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What is PMI?
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Notes payable, loans outstanding, and credit cards are all considered?
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What is the maximum seller concessions on a FHA loan?
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What percentage of a borrowers FICO score is their payment history?
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How much is the basic entitlement on a VA loan?
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What is the equation for CLTV?
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What is a GSE?
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What are the 3 main methods of appraisals?
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When does the funding of a purchase money loan occur?
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What are the minimum and maximum adjusments allowed on an appraisal?
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What is wet settlement?
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PMI can only be required on?
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How long is the right to rescind period if all borrowers receive proper disclosures?
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MIP can only be required on?
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What is the equation for a permanent buy-down (discount points)?
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Flood insurance can be obtained through?
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What is an example of a fee that is considered a finance charge?
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FHA requires a seller to be on title for a minimum of how long before selling their home?
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Payment history on a debt does not affect the borrower's credit score in which situation?
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What is the maximum seller concessions on a VA loan?
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What is the equation for TLTV?
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What is the minimum down payment required on a VA or USDA mortgage loan?
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What is the definition of real property?
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Are lender's and owner's title insurance mandatory?
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What is the definition of personal property?
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What is dry settlement?
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What does a closing agent do?
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How long is the extended right to rescind period?
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The right to rescind does not apply to which types of transactions?
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When does loan funding generally occur?
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What is an example of a fee that is not considered a finance charge?
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