Question: 1- What is the main difference between the Primary and Secondary mortgage markets? 2- What is a conventional home mortgage loan? 3- Whom does PMI

1- What is the main difference between the Primary and Secondary

1- What is the main difference between the Primary and Secondary mortgage markets? 2- What is a conventional home mortgage loan? 3- Whom does PMI protect? Against what? 4- Name two government agencies that provide direct financing assistance to selected eligible households. 5- Name and describe two fees charged for an FHA loan. 6- What was the greatest historic contribution of the FHA? 7- What is the maximum loan-to-value (LTV) ratio-for a VA loan? 8- What is a purchase-money mortgage? 9- Give three reasons why homeowners may be interested in a home equity loan rather than a consumer loan

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