NMLS Chapter 2
Terms in this set (4)
What is the minimum down payment allowed on a conventional mortgage?
A SISA loan is a:
Stated Income/Stated Asset Loan
If an FHA loan has a 30 year term, and has an LTV of 97.5%, how long does that borrower have to pay MMI?
The loan term
_____ is a payment option available on HECM that allows the borrower to receive monthly payments form the lender as long as the borrower lives and continues to occupy the home as a principal residence