SOFE Accredited Financial Examiner AFE Question # 71 Topic 8 Discussion

SOFE Accredited Financial Examiner AFE Question # 71 Topic 8 Discussion

AFE Exam Topic 8 Question 71 Discussion:
Question #: 71
Topic #: 8

_________________ is a special variation on a second mortgage. In this form, the new lender assumes the original or first mortgage and has the responsibility of collecting all payments and remitting a portion of these payments to the first lender.


A.

Conventional Residential Loan


B.

FHA loan


C.

Wrap-around loan


D.

VA loan


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