FinancingCâu 69 / 120
A key benefit of a VA-guaranteed loan for an eligible veteran is:
a.No credit check
b.The possibility of no down payment
c.A guaranteed low fixed rate set by law
d.Exemption from property taxes
Giải thích
VA loans are guaranteed by the Department of Veterans Affairs and often allow eligible veterans to purchase with no down payment. The guarantee protects the lender against loss. Veterans still must qualify based on income and credit and pay a funding fee.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In a California deed of trust, the party who holds bare legal title as security until the loan is repaid is the:
- An FHA loan is best described as a loan that is:
- The California Cal-Vet home loan program is unusual because the state:
- A conventional loan is one that is:
- A borrower obtains a $300,000 loan and pays 2 discount points. The dollar amount paid in points is:
- A buyer purchases a home for $400,000 with a $320,000 loan. The loan-to-value (LTV) ratio is:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với California DRE Real Estate Salesperson License Exam · Quy trình kiểm tra