Multiple Choices Questions
Multiple Choices Questions
Answer preview
1. A determination as to whether property is located in a flood hazard zone is made by the title examiner. (Points : 2) False
Question 2.2. Most loan commitments require an appraisal of the value of the property be delivered to the lender for review and approval prior to closing. (Points : 2) True
Question 3.3. Most loan commitments are assignable by the borrower. (Points : 2) False
Question 4.4. A penalty for late payment of a mortgage payment is known as a prepayment penalty. (Points : 2) False
Question 5.5. Real estate taxes are often prorated between a purchaser and seller. (Points : 2) True
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FORMAT:APA