American_Bankers_Association
CTFA · Question #214
CTFA Question #214: Real Exam Question with Answer & Explanation
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Question
It is the process of arranging with a mortgage lender, in advance of buying a home, to obtain the amount of mortgage financing the lender deems affordable to home buyer.
Options
- AMultiple listing service
- BPrequalification
- CEarnest money deposit
- DContingency clause
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