A Possible Disadvantage of FHA and VA Mortgages Can Be

question 60

Multiple Choice

A possible disadvantage of FHA and VA mortgages can be:

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

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Definitions:

Pellicle

An outer layer of plasma membrane and elastic proteins that protects and gives shape to many unwalled, single-celled protists.

Protozoa

Protozoa are a diverse group of unicellular eukaryotic organisms, often found in water and soil environments, that play key roles in the ecosystem as predators and prey.

Information Storage

Information Storage involves the retention and maintenance of data or information over time for later retrieval, fundamental in various biological, technological, and organizational systems.

Amoebozoans

A group of protozoans, including amoebas, characterized by their ability to change shape through the extension and retraction of pseudopodia.