Characteristics of Cal Vet loans

Eligibility - Cal-Vet financing is available to California veterans who served honorably during wartime in the armed forces of the United States. The veteran must be a native Californian or a bona fide resident at the time of entry into the service, and must have participated in a military expedition or campaign for which a medal was authorized by the government. Minors - Minors who lived in California for 6 months immediately preceding entry into service from California are eligible. Spouses...

Chapter Quiz

Prefer loans saleable in the secondary money market C. Are representatives for sources of money other than their own, yet sometimes lend funds of their own 3. In California, Mortgage companies are licensed by D. Department of Consumer Affairs 4. When a mortgage banker establishes a line of credit with a commercial bank, the bank is acting as the mortgage banker's 5. Real estate investment trusts are all of the following, except D. owned by 100 or more investors. 6. The success of a mortgage...