EXAM: Mortgage Loans
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17 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
Employee Number
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
30 sec • Ungraded
Last Name
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. The minimum amount due for Home Loan is interest plus principal
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which of the following loan purpose for Home Loan but not for Home Credit Line?
a. Refinancing
b. Construction
c. Equity
d. None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. If the loan purpose is acquisition (non accredited developer), the TCT and Tax Declaration must already be in the name of the Borrower before the loan is released.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. A collateral for the Home Loan must be residential and owner – occupied
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. A vacant lot may be accepted as collateral for credit line regardless of loan purpose
True
False
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