Fi nanci ng
VA
Mar ket Condi t i ons
Debat e
Cont r act s
$1 00
$1 00
$1 00
$1 00
$1 00
$200
$200
$200
$200
$200
$500
$500
$500
$500
$500
$1 000
$1 000
$1 000
$1 000
$1 000
Pert heRPA, anot i cet oper f or m canbes entnos oonert han. . .
ans wer
2dayspr i ort ot hecont r act ual obl i gat i on
ans wer
I fas el l eri spl anni ngonr ent i ng backf ormor et han60days onanowneroccupi edpur chas e whi chf or m woul dbeus ed?
ans wer
Tr i ckques t i on.Youcannot r entbackf ormor et han60 daysonanowneroccupi ed pur chas e. Got cha. ans wer
Tr ueorf al s e.
Anes cal at i oncl aus ei s al l owedwi t hFHA&VApur chas es ?
ans wer
Tr ue
ans wer
W hatf or m woul dyouus e t onegot i at eacommi s s i on onaFSBO?
ans wer
CBCCooper at i ngBr oker Commi s s i onAgr eement
ans wer
Themar keti sgoi ngt o appr eci at et hi syear .
ans wer
I ti sagoodt i met obuy.
ans wer
I ti sagoodt i met os el l .
ans wer
W hys houl dIl i s twi t hyou?
ans wer
W hati s t heconf or mi ng FHAl oanamount i nSanDi egocount y? ans wer
$690, 000
ans wer
W hati san over l ay?
ans wer
Anover l ayi sa gui del i net hatal ender put sont opoft he mi ni mum l oan r equi r ement s ans wer
As s umi nga51 % DTI maxi mum, whati st he maxpaymentabuyer canqual i f yf ori ft hey gr os$9500/ moandhave $736i nr ecur r i ngdebt s ?
ans wer
$4, 1 09 $9, 500x. 51 % -$736
ans wer
J ohni sbuyi nga$1 , 650, 000 homet hatr equi r es1 0% down, $1 8ki ncl os i ngcos t s , and 6mont hsofr es er ves .Hi sPI TI wi l lbe$9, 400.How much moneymus tJ ohnhavei nor der t ocl os e? ans wer
$239, 400 1 0% =$1 65, 000 $1 8, 000cl os i ngcos t s $9500x6=$54, 000
ans wer
How manyhomes expi r edi nCar l s badi nFebr uar y? A.1 9 B. 37 C. 44 D. 53 ans wer
B. 37 A.1 9 B. 37 C. 44 D. 53 ans wer
How manyhomes wer el i s t edi nCar l s badl as tmont h? A.1 05 B. 202 C. 431 D. 79 ans wer
B. 202 A.1 05 B. 202 C. 431 D. 79 ans wer
How manyhomess ol di n Car l s badl as tmont h? A.1 1 3 B. 1 96 C. 236 D. 72 ans wer
A. 1 1 3 A.1 1 3 B. 1 96 C. 236 D. 72 ans wer
92009-i nt hel as t1 0mont hs , whathast heaver agepr i cef or det achedhomesdone? A.+$1 04, 251 B. -$1 57, 473 C. +$21 , 394 D. -$96, 255 ans wer
B. -$1 57, 473 May201 8-$1 , 1 99, 842 Feb201 9-$1 , 042, 369 A.+$1 04, 251 B. -$1 57, 473 C. +$21 , 394 D. -$96, 255 ans wer
W hati st heper cent ageof di s abi l i t yabuyerneeds i nor dert oneverpayt he VA’ s“ f undi ngf ee” ?
ans wer
1 0%
ans wer
How muchwoul d aVAbuyerneedf oradown paymentf orapur chas epr i ceof $872, 000?
ans wer
$45, 500 $872, 000-$690, 000=$1 82000 $1 82, 000* . 25=$45, 500
ans wer
How muchi st heVA f undi ngf ee( nodi s abi l i t y)t he ďŹ r s tt i meabuyerus est he VAl oan?
ans wer
2. 1 5% oft hepur chas epr i ce
ans wer
Tr ueorf al s e: VAal l owsabuyert opur chas e wi t ht hei rs i gni ďŹ cantot her
ans wer
Fal s e.Tr i ckQues t i on. YouMUSTbemar r i edi nor der t ohavebot hpeopl eont he l oan
ans wer