Kiến thức vay thế chấp chungCâu 169 / 400
USDA guaranteed loans charge an upfront guarantee fee and an annual fee. These fees are most similar in purpose to which of the following?
a.FHA's upfront and annual MIP
b.A discount point
c.Property taxes
d.Homeowner's association dues
Giải thích
Like FHA's upfront and annual MIP, USDA's upfront guarantee fee and annual fee fund the program's insurance against default. They are not discount points, property taxes, or HOA dues.
Trích dẫn luật: USDALuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A loan balance is $150,000 at an annual rate of 4.8%. How much of the next monthly payment is interest?
- A home is worth $450,000. A borrower wants a first mortgage of $315,000 and a second of $22,500. What is the CLTV?
- A borrower earns $6,500 gross monthly. Using a 28% housing ratio, what is the maximum PITI the borrower qualifies for?
- On many FHA loans with the minimum down payment, the annual MIP generally remains for what duration?
- Which of the following is an example of an index that can be used to set the rate on an adjustable-rate mortgage?
- On an ARM, the initial 'start' or 'teaser' rate is best described as:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra