Explain at least two benefits of using a real estate broker. Your answer should contain a minimum of 4 sentences.
What is private mortgage insurance? How does it work to protect a lender from risk? Your answer should a minimum of 3 sentences.
What are the ‘C’s’ of mortgage underwriting? What is one way in which each of the ‘C’s; is measured? Your answer should be a minimum of 4 sentences.
What is the APR? Discuss at least two concerns that the APR does not capture the full costs of a mortgage. Your answer should be a minimum of 3 sentence.
What are two key takeaways you have from the chapters covered in the exam? Explain each takeaway and why you found it particularly interesting or insightful. Your answer should contain a minimum of 4 sentences.
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