Under the Real Property Loan Law, the maximum amount a borrower can pay for closing costs, excluding commission, regardless of the size of the loan, is:
A) 5%
B) $390
C) $700
D) $900
Correct Answer:
Verified
Q2: The three major credit reporting agencies are:
A)
Q3: In an installment sales contract, title to
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Q5: The major source for junior loans (2nds,
Q6: The CalHFA program:
A) is a secondary mortgage
Q8: A mortgage broker negotiated a loan for
Q9: A straight note differs from an installment
Q10: The ultimate source of all loan funds
Q11: The maximum FHA insured loan under the
Q12: Under the Trustee's Sale procedure, after a
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