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Hawaii Fixed Rate Note, Installment Payments Secured by Personal Property Form

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Hawaii Fixed Rate Note, Installment Payments Secured by Personal Property Form

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question one Mr Johnson is a real estate broker in Hawaii he is working with a client who wants to purchase a property using a VA loan the client is concerned about the potential interest rates and the advantages of a VA loan over other types of financing which of the following is not an advantage of a VA loan a no down payment requirement b lower interest rates compared to Conventional loans C no private mortgage insurance PMI required D higher closing costs compared to Conventional loans correct answer D higher closing costs compared to Conventional loans explanation VA loans offer several advantages to eligible veterans including no down payment requirement generally lower interest rates compared to Conventional loans and no private mortgage insurance PMI requirement however they do not typically result in higher closing costs compared to Conventional loans in fact VA loans often have lower overall closing costs making them more attractive to buyers question to in Hawaii when a prop

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