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AYPO REAL ESTATE FINANCE NEWEST 2025 ACTUAL EXAM
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
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 kinds of loans, they carry
additional risk for the lender.
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An origination fee is typically between - ANSWER-.5% and 1% of
the loan
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
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Direct endorsements refer to, which of the following - ANSWER-
FHA lenders who are authorized to process their own FHA loans
with FHA using their underwriting guidelines
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 home’s
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
AYPO REAL ESTATE FINANCE NEWEST 2025 ACTUAL EXAM
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
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 kinds of loans, they carry
additional risk for the lender.
, Page |2
An origination fee is typically between - ANSWER-.5% and 1% of
the loan
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
, Page |3
Direct endorsements refer to, which of the following - ANSWER-
FHA lenders who are authorized to process their own FHA loans
with FHA using their underwriting guidelines
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 home’s
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
