Microsoft Word - SONYMA CREDIT AND PROPERTY 10-15 …
A. The “Mortgage” Loan-to-Value Ratio and Mortgage Insurance. Basic Characteristics of a Loan. Fixed Rate Mortgage vs. Adjustable Rate Mortgage. 15 Year Mortgage vs. 30 Year Mortgage “Points” Pre-Qualification and Pre-Approval. RESPA. Types of Loans. 1. Conventional Loan. 2. VA Loan. 3. FHA Loan. Owner Financing. Assumption of Existing ... ................
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