Toggle Navigation
Games
Blog
News
Class PIN
Join for Free
Sign in
Toggle Navigation
Games
PIN
Join for Free
Blog
Pricing
News
Contact us
Help center
Sign in
Study
Cash-out Challenge!
0
%
0
0
0
Back
Restart
For Cash-out Refinances, the loan decision may be made by using; Manual Underwriting, or by using an AUS, or either?
Either. Manual Underwriting or an AUS may be used.
Oops!
Okay!
In which Documentation Type category does Cash-out Refinance belong? Streamline or Full Doc?
Full-Doc
Oops!
Okay!
True or False? Cash-out loans usually have Lender Credits.
False
Oops!
Okay!
Which loan type(s) offers a Cash-out option?
Conventional, FHA, and VA
Oops!
Okay!
Who benefits from a Cash-out refinance; the borrower, the lender, or both?
Both
Oops!
Okay!
True or False? A Cash-out refinance may be used to lower the interest rate and to pay off debts.
True
Oops!
Okay!
A cash-out refinance allows the borrower to use the ________ in their home to receive funds at closing.
Equity
Oops!
Okay!
True or False? Appraisals are typically required for Cash-out Refinance loans.
True
Oops!
Okay!
True or False? A new credit check is required for Cash-out loans.
True
Oops!
Okay!
True or False? In a Cash-out loan, the borrower may borrow an amount that is higher than the value of the property.
False
Oops!
Okay!
Your experience on this site will be improved by allowing cookies.
Allow cookies