Under FHA Procedures, All of the Following Are Considered Prepaid

question 2

Multiple Choice

Under FHA procedures, all of the following are considered prepaid items EXCEPT:

• A) down payment
• B) property taxes
• C) hazard insurance
• D) mortgage default insurance

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Definitions:

Fetus

A developing human from roughly eight weeks after conception until birth.

Epigastric

Pertaining to the area of the abdomen over the stomach.

Abdominopelvic Cavity

The body cavity that houses both the abdominal and pelvic organs, including the stomach, liver, intestines, and reproductive organs.

Hypochondriac

Pertaining to the upper outer regions of the abdomen below the cartilage, referring to the ribs.