Champions School of Real Estate - Real Estate
Finance Latest Update 2025-2026 Exam 100
Questions with 100% Verified Correct Answers
Guaranteed A+
___________________ inquiries are known as neutral inquiries because they are not
rated as wither positive or negative on a credit report.
A - Periodic Review
B - Pre-Approval
C - Consumer Initiated
D - All of these - CORRECT ANSWER: D - All of these
A claim, lien, charge, or liability attached to and binding real property - CORRECT
ANSWER: Encumbrance
A fixed rate mortgage remains fixed for ______________________.
A - 15 years only
B - The first 5 years of the loan
C - The entire term of the loan
D - 20 years only - CORRECT ANSWER: C - The entire term of the loan
A loan which covers more than one piece of property - CORRECT ANSWER: Blanket
Mortgage
A loan with no discount points is known as a _____________. - CORRECT ANSWER:
Par Loan
A sales contract in which the buyer agrees to make regular payments to the seller for
equitable title - CORRECT ANSWER: Contract for deed
, A tax lien can be classified as an involuntary lien and a ______ lien. - CORRECT
ANSWER: Statutory
A(n) _____________ cannot be accepted from borrowers who can financially afford
their mortgage payments - CORRECT ANSWER: Deed in Lieu
According to the Taxpayer Bill of Rights, taxpayers have the right to:
a. pay no more than the correct amount of tax
b. be informed
c. privacy
d. all of these - CORRECT ANSWER: D - All of these
Adheres to Fannie Mae and Freddie Mac requirements for purchase of a mortgage -
CORRECT ANSWER: Conforming loan
Also known as a statutory foreclosure - CORRECT ANSWER: Power of sale
An easement for ingress/egress is known as a(n) _______________. - CORRECT
ANSWER: Encumbrance
An instrument of corporate or governmental debt - CORRECT ANSWER: Bonds
At the treasury level, funds can be raised to pay for government spending by increasing
borrowing and? - CORRECT ANSWER: Raising taxes
Breach or nonperformance of the terms of a note or covenants of a mortgage -
CORRECT ANSWER: Default
Finance Latest Update 2025-2026 Exam 100
Questions with 100% Verified Correct Answers
Guaranteed A+
___________________ inquiries are known as neutral inquiries because they are not
rated as wither positive or negative on a credit report.
A - Periodic Review
B - Pre-Approval
C - Consumer Initiated
D - All of these - CORRECT ANSWER: D - All of these
A claim, lien, charge, or liability attached to and binding real property - CORRECT
ANSWER: Encumbrance
A fixed rate mortgage remains fixed for ______________________.
A - 15 years only
B - The first 5 years of the loan
C - The entire term of the loan
D - 20 years only - CORRECT ANSWER: C - The entire term of the loan
A loan which covers more than one piece of property - CORRECT ANSWER: Blanket
Mortgage
A loan with no discount points is known as a _____________. - CORRECT ANSWER:
Par Loan
A sales contract in which the buyer agrees to make regular payments to the seller for
equitable title - CORRECT ANSWER: Contract for deed
, A tax lien can be classified as an involuntary lien and a ______ lien. - CORRECT
ANSWER: Statutory
A(n) _____________ cannot be accepted from borrowers who can financially afford
their mortgage payments - CORRECT ANSWER: Deed in Lieu
According to the Taxpayer Bill of Rights, taxpayers have the right to:
a. pay no more than the correct amount of tax
b. be informed
c. privacy
d. all of these - CORRECT ANSWER: D - All of these
Adheres to Fannie Mae and Freddie Mac requirements for purchase of a mortgage -
CORRECT ANSWER: Conforming loan
Also known as a statutory foreclosure - CORRECT ANSWER: Power of sale
An easement for ingress/egress is known as a(n) _______________. - CORRECT
ANSWER: Encumbrance
An instrument of corporate or governmental debt - CORRECT ANSWER: Bonds
At the treasury level, funds can be raised to pay for government spending by increasing
borrowing and? - CORRECT ANSWER: Raising taxes
Breach or nonperformance of the terms of a note or covenants of a mortgage -
CORRECT ANSWER: Default
