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AYPO Real Estate Finance Newest 2026/2027 Actual Exam
Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+ ||Brand New Version|| Sure
Pass!!!
Discount points don't fully benefit the borrower until after
which of these events? - ANSWER-The brake even point
A partially amortized loan can be called - ANSWER-Balloon loan
Which of these is not covered by the acronym PITI - ANSWER-
Property
What does PITI stand for? - ANSWER-Principal, Interest, Taxes,
Insurance (PITI)
A jumbo loan - ANSWER-Has a loan amount that is in excess of
the standard limit for transforming loans. Since Fannie Mae and
Freddie Mac do not trade in these kind of loans, they carry
additional risk for the lender.
An origination fee is typically between - ANSWER-.5% and 1% of
the loan
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FHA is funded almost exclusively by - ANSWER-Mortgage
insurance on FHA-backed loans
Which of the four FHA property categories does the IE
designation stand for? - ANSWER-Insurable with Escrow
Which credit score range generally limits in FHA insured loan
borrower to no greater than 90% of the property value? -
ANSWER-Between 500 - 579
Underwriting is the process of - ANSWER-Reviewing the loan to
judge, it's insurability
Which federal agency provide significant support to home loan
program - ANSWER-Federal housing administration, and
veterans administration
Direct endorsements refers to, which of the following -
ANSWER-FHA lenders who are authorized to process their own
FHA loans with FHA using their underwriting guidelines
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When calculating debt to income ratio, which of these is not
included in the calculations? - ANSWER-Irregular overtime
Mortgage insurance is generally required under which of these
circumstances? - ANSWER-A loan it seeds 80% of the homes
value
Which of these is a component of a standard ARM? - ANSWER-
an index
There are a number of acceptable ways for a borrower to build
reserves for a property purchase and closing costs, however,
the borrower must - ANSWER-be able to prove the source of
the funds
TREC law requires that every buyer be made aware - ANSWER-
That the sales contract states the buyer should purchase a title
insurance policy or title abstract
Most lenders will not approve a buyer if home ownership cost
are projected to make up more than ____ of their gross
monthly income - ANSWER-28%
AYPO Real Estate Finance Newest 2026/2027 Actual Exam
Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+ ||Brand New Version|| Sure
Pass!!!
Discount points don't fully benefit the borrower until after
which of these events? - ANSWER-The brake even point
A partially amortized loan can be called - ANSWER-Balloon loan
Which of these is not covered by the acronym PITI - ANSWER-
Property
What does PITI stand for? - ANSWER-Principal, Interest, Taxes,
Insurance (PITI)
A jumbo loan - ANSWER-Has a loan amount that is in excess of
the standard limit for transforming loans. Since Fannie Mae and
Freddie Mac do not trade in these kind of loans, they carry
additional risk for the lender.
An origination fee is typically between - ANSWER-.5% and 1% of
the loan
,2|Page
FHA is funded almost exclusively by - ANSWER-Mortgage
insurance on FHA-backed loans
Which of the four FHA property categories does the IE
designation stand for? - ANSWER-Insurable with Escrow
Which credit score range generally limits in FHA insured loan
borrower to no greater than 90% of the property value? -
ANSWER-Between 500 - 579
Underwriting is the process of - ANSWER-Reviewing the loan to
judge, it's insurability
Which federal agency provide significant support to home loan
program - ANSWER-Federal housing administration, and
veterans administration
Direct endorsements refers to, which of the following -
ANSWER-FHA lenders who are authorized to process their own
FHA loans with FHA using their underwriting guidelines
, 3|Page
When calculating debt to income ratio, which of these is not
included in the calculations? - ANSWER-Irregular overtime
Mortgage insurance is generally required under which of these
circumstances? - ANSWER-A loan it seeds 80% of the homes
value
Which of these is a component of a standard ARM? - ANSWER-
an index
There are a number of acceptable ways for a borrower to build
reserves for a property purchase and closing costs, however,
the borrower must - ANSWER-be able to prove the source of
the funds
TREC law requires that every buyer be made aware - ANSWER-
That the sales contract states the buyer should purchase a title
insurance policy or title abstract
Most lenders will not approve a buyer if home ownership cost
are projected to make up more than ____ of their gross
monthly income - ANSWER-28%
