FinanceCâu 73 / 120
A VA loan is designed primarily to benefit:
a.First-time commercial developers
b.Foreign investors
c.Eligible veterans and certain service members
d.Local governments
Giải thích
VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans, active service members, and certain surviving spouses. The guarantee allows favorable terms, often including no down payment. The VA guarantees rather than directly makes most of these loans.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- Which government-related program insures loans made by approved lenders to help borrowers with lower down payments?
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- A 'due-on-sale' (alienation) clause in a mortgage generally:
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