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Champions Real Estate Finance Study Guide Exam Final 2024
Champions Real Estate Finance Study 
Guide Exam Final 2024 
Congress created the Federal Housing Administration in - CORRECT ANSWER-1934 
In order to qualify for exemption from capital gains, the property must have been the 
primary residence for two of the previous ___ years - CORRECT ANSWER-5 years 
A loan with no discount points is known as a - CORRECT ANSWER-Par loan 
What is Fiat money - CORRECT ANSWER-Currency that is not backed up by any 
precious metals 
At the treasury level, funds c...
- Package deal
- Exam (elaborations)
- • 10 pages •
Champions Real Estate Finance Study 
Guide Exam Final 2024 
Congress created the Federal Housing Administration in - CORRECT ANSWER-1934 
In order to qualify for exemption from capital gains, the property must have been the 
primary residence for two of the previous ___ years - CORRECT ANSWER-5 years 
A loan with no discount points is known as a - CORRECT ANSWER-Par loan 
What is Fiat money - CORRECT ANSWER-Currency that is not backed up by any 
precious metals 
At the treasury level, funds c...
Champions School Of Real Estate ( Real Estate Finance) 2024 Tested
Champions School Of Real Estate ( Real 
Estate Finance) 2024 Tested 
A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - 
CORRECT ANSWER-Non-Conforming Loan 
VA - CORRECT ANSWER-Veteran's administration - assists veterans in the purchase 
of housing by guaranteeing loans) 
Seller's equity - CORRECT ANSWER-Cash price minus the loan balance 
A clause often found in a blanket loan allowing the borrower to obtain partial releases of 
specific lots by making required ...
- Package deal
- Exam (elaborations)
- • 8 pages •
Champions School Of Real Estate ( Real 
Estate Finance) 2024 Tested 
A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - 
CORRECT ANSWER-Non-Conforming Loan 
VA - CORRECT ANSWER-Veteran's administration - assists veterans in the purchase 
of housing by guaranteeing loans) 
Seller's equity - CORRECT ANSWER-Cash price minus the loan balance 
A clause often found in a blanket loan allowing the borrower to obtain partial releases of 
specific lots by making required ...
Real Estate Finance 1 - Texas, Champions School Of Real Estate – Finance 2024 Latest
Real Estate Finance 1 - Texas, 
Champions School Of Real Estate – 
Finance 2024 Latest 
Loan Processing - CORRECT ANSWER-The process of collecting information about a 
borrower in order to build a loan file that will be used to make an underwriting decision. 
Underwriting - CORRECT ANSWER-The process of evaluating a borrowers loan 
application to determine the risk involved for the lender. 
Funding - CORRECT ANSWER-The process of transferring funds to a title or escrow 
company for disburs...
- Package deal
- Exam (elaborations)
- • 16 pages •
Real Estate Finance 1 - Texas, 
Champions School Of Real Estate – 
Finance 2024 Latest 
Loan Processing - CORRECT ANSWER-The process of collecting information about a 
borrower in order to build a loan file that will be used to make an underwriting decision. 
Underwriting - CORRECT ANSWER-The process of evaluating a borrowers loan 
application to determine the risk involved for the lender. 
Funding - CORRECT ANSWER-The process of transferring funds to a title or escrow 
company for disburs...
Champions - Real Estate Finance Questions And Answers 2024 100% Scores
Champions - Real Estate Finance 
Questions And Answers 2024 100% 
Scores 
Loan Processing - CORRECT ANSWER-The process of collecting information about a 
borrower in order to build a loan file that will be used to make an underwriting decision. 
Underwriting - CORRECT ANSWER-The process of evaluating a borrower's loan 
application to determine the risk involved for the lender. 
Funding - CORRECT ANSWER-The process of transferring funds to a title or escrow 
company for disbursement. 
Servic...
- Package deal
- Exam (elaborations)
- • 21 pages •
Champions - Real Estate Finance 
Questions And Answers 2024 100% 
Scores 
Loan Processing - CORRECT ANSWER-The process of collecting information about a 
borrower in order to build a loan file that will be used to make an underwriting decision. 
Underwriting - CORRECT ANSWER-The process of evaluating a borrower's loan 
application to determine the risk involved for the lender. 
Funding - CORRECT ANSWER-The process of transferring funds to a title or escrow 
company for disbursement. 
Servic...
Champions School Of Real Estate Finance 2024 Tested And Verified
Champions School Of Real Estate 
Finance 2024 Tested And Verified 
Seller's market - CORRECT ANSWER-When supply is low and demand is high 
Buyer's market - CORRECT ANSWER-When supply is high and demand is low 
The process of creating a new mortgage loan - CORRECT ANSWER-Origination 
The detailed process of evaluating a borrower's loan application to determine the risk 
involved for the lender - CORRECT ANSWER-Underwriting 
When there is an excess of money supply in the market - CORRECT ANSW...
- Package deal
- Exam (elaborations)
- • 5 pages •
Champions School Of Real Estate 
Finance 2024 Tested And Verified 
Seller's market - CORRECT ANSWER-When supply is low and demand is high 
Buyer's market - CORRECT ANSWER-When supply is high and demand is low 
The process of creating a new mortgage loan - CORRECT ANSWER-Origination 
The detailed process of evaluating a borrower's loan application to determine the risk 
involved for the lender - CORRECT ANSWER-Underwriting 
When there is an excess of money supply in the market - CORRECT ANSW...
Champions Real Estate Finance (Questions And Answers) 2024
Champions Real Estate Finance 
(Questions And Answers) 2024 
mortgage Broker - CORRECT ANSWER-Functions as a middleman between the 
borrower and the lender, negotiating, selling or arranging loans to be delivered to large 
investors 
Mortgage Banker - CORRECT ANSWER-Provide their own funds for the purpose of 
providing mortgage financing 
Correspondent Lender - CORRECT ANSWER-Smaller in scale then mortgage bankers 
or brokers, these lenders typically extended loans with their own funds at th...
- Package deal
- Exam (elaborations)
- • 9 pages •
Champions Real Estate Finance 
(Questions And Answers) 2024 
mortgage Broker - CORRECT ANSWER-Functions as a middleman between the 
borrower and the lender, negotiating, selling or arranging loans to be delivered to large 
investors 
Mortgage Banker - CORRECT ANSWER-Provide their own funds for the purpose of 
providing mortgage financing 
Correspondent Lender - CORRECT ANSWER-Smaller in scale then mortgage bankers 
or brokers, these lenders typically extended loans with their own funds at th...
Real Estate Finance Champions 2024 Final Test With Verified Answers
Real Estate Finance Champions 2024 
Final Test With Verified Answers 
Origination - CORRECT ANSWER-The process of creating a new mortgage loan, 
including all steps taken by a lender to attract and qualify a borrower 
Credit reports will be ordered, in most cases from all three major national credit 
reporting agencies: - CORRECT ANSWER-Experian, Equifax, and TransUnion 
Not all creditors will report to all three, they will - CORRECT ANSWER-Each reporting 
agency will report a different cred...
- Package deal
- Exam (elaborations)
- • 6 pages •
Real Estate Finance Champions 2024 
Final Test With Verified Answers 
Origination - CORRECT ANSWER-The process of creating a new mortgage loan, 
including all steps taken by a lender to attract and qualify a borrower 
Credit reports will be ordered, in most cases from all three major national credit 
reporting agencies: - CORRECT ANSWER-Experian, Equifax, and TransUnion 
Not all creditors will report to all three, they will - CORRECT ANSWER-Each reporting 
agency will report a different cred...
Champions Real Estate Finance Final Exam With Correct Answers 2024
Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The percentage of the lesser of the 
appraised value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 
80% of the sales price or appraised value, whichever is lower. 
Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( 
fixtures and furnishings) 
Blanket Mortgage -CORRECT ANSWER...
- Package deal
- Exam (elaborations)
- • 12 pages •
Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The percentage of the lesser of the 
appraised value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 
80% of the sales price or appraised value, whichever is lower. 
Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( 
fixtures and furnishings) 
Blanket Mortgage -CORRECT ANSWER...
Real Estate Finance I-Champions Final Exam 2024
Real Estate Finance I-Champions Final 
Exam 2024 
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 - CORRECT ANSWER-B 
_________ is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
* - CORRECT ANSWER-A 
A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The prior VA l...
- Package deal
- Exam (elaborations)
- • 15 pages •
Real Estate Finance I-Champions Final 
Exam 2024 
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 - CORRECT ANSWER-B 
_________ is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
* - CORRECT ANSWER-A 
A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The prior VA l...
HEALTHSTREAM TELEMETRY & ECG EXAM 2023/2024
PEDIATRICS HESI PRACTICE QUESTIONS AND ANSWERS
PEDIATRICS HESI 2024 LATEST AND UPDATED EXAM
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PEDIATRICS HESI 2024 LATEST AND UPDATED EXAM