Lesson 14 Chapter 12 Part 1

Do distinctions between mortgage lenders continue today?

Credit unions only serve members of their union.

Are mortgage companies depository institutions?

An administrative charge for processing the loan is known as what?

A fee paid to the lender at closing to increase the lender’s yield on the loan is known as what?

The cost of the loan expressed as an annual percentage of the loan amount, is known as what?

Which is not one of the considerations underwriters will focus on?

Does an underwriter, lender, or other representative visit the property before issuing the loan?

Would you like to continue?