FinanceCâu 72 / 120
Which government-related program insures loans made by approved lenders to help borrowers with lower down payments?
a.The Federal Reserve open market desk
b.FHA (Federal Housing Administration) insurance
c.The county property appraiser
d.The MLS
Giải thích
The FHA insures mortgage loans made by approved lenders, which reduces lender risk and allows lower down payments for qualified borrowers. FHA does not make loans directly; it insures them. VA loans, by contrast, are guaranteed for eligible veterans.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In a typical mortgage, the borrower who pledges the property as security for the loan is the:
- A loan feature that requires a large final payment at the end of the term, larger than the regular payments, is called a:
- In an amortized loan, each monthly payment is applied to:
- A VA loan is designed primarily to benefit:
- Private mortgage insurance (PMI) is typically required when a conventional borrower makes a down payment of:
- The clause in a mortgage that allows the lender to demand full repayment if the borrower defaults is the:
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