Do you check out the neighborhood for your buyer ? If not, maybe you should start. It's rather naive to believe that sex offenders, drug dealers, meth labs, burglaries, robberies, auto thefts, home invasions, vandalisms, domestic violoence, identity theft, rape, arson, gun crimes and work-place
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01/26/2014
#2550 A land contract is usually acceptable for a seller second which will supplement an institutional loan. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False A land contract cannot be used for a seller second supplementing
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01/26/2014
#2549 The rule of thumb, when qualifying a VA loan applicant, is that debt to income ratio should not exceed 55%. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False The debt to income ratio should not exceed 41% for the VA lo
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01/26/2014
#2548 The VA will consider and allow secondary financing only if the total amount of the loan to be financed exceeds the appraised value of the property. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False Not exceeding the t
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01/26/2014
#2547 A veteran is applying for a 400,000 dollar loan, which is the purchase price of the home, and has full VA entitlement. The home was appraised at 425,000 dollars. The required downpayment for the loan is 1.5% of the total loan amount, or $6000 dollars if no downpayment is applied to t
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01/26/2014
#2546 Prepayment penalties are always a condition of underwriting a VA loan. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False Prepayment penalties are not allowed with a VA loan. This is considered one of the key characteris
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01/26/2014
#2545 A veterans entitlement may only be restored after his or her VA loan is assumed and the one who assumes the loan is not a veteran. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False One of the conditions for restoration of entitleme
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01/26/2014
#2544 A veteran may receive a VA guaranteed loan only on a single family residence. One to four unit unit residences are ineligible. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A one to four unit residence is eligible for a VA loan
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01/26/2014
#2543 The the VA will guarantee a loan only if the lender does not require a downpayment. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Lender's will make a loan without requiring a downpayment because the government has made a gua
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01/26/2014
#2542 Discount points always have to be paid by the borrower on an FHA loan. Is this fact true or false ? Remember to take your time. The solution is posted below the wildlife photo. A. False Discount points may be paid by either the borrower or the seller. Other parties are allowed to pay the d
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01/26/2014
