Hf Home Ownership Education Mod1

7 Questions  I  By Fnbhf
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Hf Home Ownership Education Mod1
Pleasecomplete theHome Ownership EducationQuestionnaire - Module 1.

  
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Questions and Answers

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1.  If you need to finance your new house through a bank, will your home be registered in your name (the same time as the mortgage) as owner in the Deeds Office?
A.
B.
2.  The National Credit Act enables you to loan money even if you cannot repay it.
A.
B.
3.  If you give incorrect, wrong or incomplete information to the bank and the bank grants you a home loan which you later cannot afford to repay, will you then be afforded the protection of the National Credit Act?
A.
B.
4.  The bank needs to provide you with a Quotation of the loan in order for you to consider the terms and conditions when signing the agreement.
A.
B.
5.  Which of the following is not correct?
A.
B.
C.
D.
6.  The loan agreement is legally binding and once registered in the deeds office you are bound to all terms and conditions of the loan.
A.
B.
7.  Banks earn income from the interest and fees they charge.
A.
B.
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