Mortgages
PMI stands for
What is Private Mortgage Insurance?
The three credit bureaus are
What are Experian, Transunion, Equifax?
Average rent in Virginia Beach (+/- $100)
What is $1,500?
FHA
What is Federal Housing Administration?
The only animal that cannot jump
What is an Elephant?
Minimum down-payment on an FHA loan
What is 3.5%?
Amount of time creditors have to investigate disputed credit items before item falls of credit report.
What is 90 days?
Zip code in VA Beach with highest median sales price.
What is 23457 ($350K) OR 23456 ($349K)?
USDA
United States Department of Agriculture
This is the number of lugnuts on a wheel.
What is five?
Typical seasoning time for bankruptcy on FHA loans.
What is 2 years?
The highest credit score one can have is
What is 850?
Real Estate Tax Rate for Virginia Beach per $100
What is $1.00?
HOA
What is Homeowner's Association?
This is the number of curves on a standard paperclip.
What is three?
The three government sponsored loans are.
What are VA, FHA, USDA?
I can go here to get an OFFICIAL free credit report once a year that will not impact my scores.
What is www.annualcreditreport.com/?
The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.
What is Foreclosure?
RESPA
What is Real Estate Settlement Procedures Act?
A specific part of a chromosome or a sequence of DNA that determines a particular feature or characteristic in an organism.
What is a gene?
What is the max number of investment properties that one individual can have mortgages on?
What is 10?
The amount of time it takes an item to leave your credit report.
What is Seven years?
The Secretary HUD (Housing and Urban Development). Answer is a person.
Who is Ben Carson?
FNMA
What is Fannie Mae?
What is a good referral for me?
Correct.