- You have to answer 80% of the questions correctly.
- The exam contains 4 questions.
- You have unlimited time to complete the exam.
- You have as many attempts as you need.
- A score of 80% is required to pass the exam.
Of course, if you get stuck, you can email us at firstname.lastname@example.org. Good luck!
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Question 1 of 4
1. Question1 point(s)
A mortgage can be used to purchase a property initially or to refinance an investment.
Question 2 of 4
2. Question1 point(s)
LTV or _______ to ___________ is the ____________ of the mortgage amount to the ____________ __________________.
- property value
Question 3 of 4
3. Question1 point(s)
What is the key difference between Owner-Occupied and Investment Mortgages?
Question 4 of 4
4. Question1 point(s)
Which one of the following options is not a typical requirement or guideline set by lenders when issuing a mortgage?