Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Selling the Short Term Fixed
5 Questions
1 Views

Selling the Short Term Fixed

Created by
@OrganizedEmerald

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

According to the video, what is the most important question that should be posed to borrowers when selling a loan?

  • What their income is
  • How long they need to borrow the money for (correct)
  • How much money they need to borrow
  • What their credit score is

    • What type of loan program does Tim Braheem recommend as a better option for most people?

  • Adjustable-rate mortgage
  • 15-year fixed-rate mortgage
  • Hybrid ARM (correct)
  • 30-year fixed-rate mortgage

    • What is the potential advantage of an interest only loan for someone with a reasonable degree of financial discipline?

  • The potential to earn an arbitrage by investing the difference in payments (correct)
  • The accumulation of equity from real estate
  • The ability to control cash flow
  • The flexibility for commission-based salespeople

    • Why might someone consider a shorter term fixed rate mortgage?

    <p>To take advantage of lower interest rates in the future</p> Signup and view all the answers

    According to the author, why do most people not benefit from the 30 or 15 year fixed-rate mortgages?

    <p>They are not in their loan for a long enough period of time</p> Signup and view all the answers

    More Quizzes Like This

    Loan Packaging and Approval Quiz
    10 questions

    Loan Packaging and Approval Quiz

    ProlificKnowledge avatar
    ProlificKnowledge
    Loan Application Questionnaire
    3 questions

    Loan Application Questionnaire

    StableTourmaline avatar
    StableTourmaline
    Stock Loan and Short Selling
    12 questions

    Stock Loan and Short Selling

    momogamain avatar
    momogamain
    Loan Types and Classifications
    25 questions

    Loan Types and Classifications

    FaithfulLarch avatar
    FaithfulLarch
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser