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Texas Real Estate Finance Practice Exam 2025 With 100% Correct Answers
- Exam (elaborations) • 14 pages • 2025
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Mary is getting a $120,000 loan at 6.5 percent and will pay 3 discount points. What will the effective interest rate be? 0.0665 0.0675 0.06875 0.0695 - correct answers 0.06875 3/8+6.5 =.06875 Which of the following is not a HUD responsibility? FHA Ginnie Mae FDIC CDBG - correct answers FDIC What is a leasehold mortgage called that is based mostly upon a well-known tenant's financial strength? Purchase money loan Credit loan Term loan Secondary loan - correct answers Credit ...
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