A Possible Disadvantage of FHA and VA Mortgages Can Be

question 96

Multiple Choice

A possible disadvantage of FHA and VA mortgages can be:

• A) higher debt ratios for buyers.
• B) a longer processing time.
• C) loans may be assumable.
• D) the monthly payments can be higher than those of other mortgages.
• E) the high down payment requirements.

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Definitions:

Predictability

The capability of being accurately predicted or forecasted in advance.

Diversity Outcomes

The positive impacts and benefits that arise from promoting and achieving diversity within an organization, contributing to its overall success and inclusiveness.

Canadian Human Rights Act

Federal legislation in Canada that prohibits discrimination on various grounds such as race, age, sexual orientation, religion, gender, disability, and national or ethnic origin.

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The principle that all individuals are treated equally by the law without any discrimination.