1. Which two of the four Cs of credit have to do with earning potential and available cash?
A). Capital B). Credit history C). Capacity D). Collateral
2. When you take out a mortgage, your home becomes collateral. TRUE or FALSE
3. Pick correct statement
A). Prequalification is a lender's estimated of how much you can afford to borrow, bases on your gross income and debts.
B). Prequalification means that you have approved from a lender to borrow up to $100,00
4.What are the disadvantages of a contract for deed? select TWO
A). Allows time to become mortgage redy
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