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Champions School of Real Estate Finance Exam Most
Recent 2026 Actual Complete Real Verified Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+|| Newest Exam!!!
A qualifying ratio that compares the borrower's proposed
house payment to their gross monthly income is the
__________.
(a) Back ratio
(b) Appraisal ratio
(c) Front ratio
(d) Loan to value ratio - Answer-C
Periodic payment amounts such as principal & interest,
estimated escrow, estimated monthly payment, and
__________ must be disclosed in the Projected Payments
section of the Loan Estimate form.
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(a) Mortgage Insurance
(b) Homeowner's insurance
(c) Property value
(d) Estimated inspection cost - Answer-A
___________ relates to Federal Government spending.
(a) Monetary policy
(b) Legislative policy
(c) Reserve requirement
(d) Fiscal policy - Answer-D
In the Closing Disclosure, prepaids include homeowner's
and mortgage insurance premiums, prepaid interest,
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property taxes, and a maximum of __________ additional
items.
(a) 13
(b) 3
(c) 7
(d) 9 - Answer-B
When calculating the monthly payment, the lender will add
an amount equal to:
(a) Twelve months insurance and six months taxes
(b) 1/12 of the annual taxes and insurance
(c) 1/12 of the annual loan amortization
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(d) An amount sufficient to create the escrow account -
Answer-B
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
(d) 1% of the sales price - Answer-B
_________ is the process of creating a new mortgage
loan.
(a) Origination
(b) Funding
(c) Underwriting
Champions School of Real Estate Finance Exam Most
Recent 2026 Actual Complete Real Verified Exam
Questions And Correct Answers (Verified Answers)
Already Graded A+|| Newest Exam!!!
A qualifying ratio that compares the borrower's proposed
house payment to their gross monthly income is the
__________.
(a) Back ratio
(b) Appraisal ratio
(c) Front ratio
(d) Loan to value ratio - Answer-C
Periodic payment amounts such as principal & interest,
estimated escrow, estimated monthly payment, and
__________ must be disclosed in the Projected Payments
section of the Loan Estimate form.
,2|Page
(a) Mortgage Insurance
(b) Homeowner's insurance
(c) Property value
(d) Estimated inspection cost - Answer-A
___________ relates to Federal Government spending.
(a) Monetary policy
(b) Legislative policy
(c) Reserve requirement
(d) Fiscal policy - Answer-D
In the Closing Disclosure, prepaids include homeowner's
and mortgage insurance premiums, prepaid interest,
,3|Page
property taxes, and a maximum of __________ additional
items.
(a) 13
(b) 3
(c) 7
(d) 9 - Answer-B
When calculating the monthly payment, the lender will add
an amount equal to:
(a) Twelve months insurance and six months taxes
(b) 1/12 of the annual taxes and insurance
(c) 1/12 of the annual loan amortization
, 4|Page
(d) An amount sufficient to create the escrow account -
Answer-B
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
(d) 1% of the sales price - Answer-B
_________ is the process of creating a new mortgage
loan.
(a) Origination
(b) Funding
(c) Underwriting
