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American Bankers Association Exam CRCM Topic 9 Question 91 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 91
Topic #: 9
[All CRCM Questions]

On which of the following adjustable-rate loans must the bank use an index beyond its control?

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Suggested Answer: B

by Herminia at Jun 29, 2024, 04:46 AM

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Antione
19 days ago
Wait, we have to use an index beyond the bank's control for rental properties? That's wild! No wonder my landlord's mortgage payments keep changing. *shakes head* Definitely going with D on this one.
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Renea
21 days ago
Adjustable-rate loans for rental properties, huh? Time to get out my crystal ball and predict the future of interest rates! *laughs* Seriously though, I agree with Stephaine - option D is the correct answer here.
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Hassie
22 days ago
Ha! These exam questions are always trying to trick us. I'd say C is the way to go - a duplex where the borrower lives in one unit sounds like it should be a standard fixed-rate loan, not an adjustable-rate one.
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Lenna
2 months ago
Hmm, this one's tricky. I was leaning towards B, since a vacation home seems like it would need an adjustable-rate loan. But you make a good point, Stephaine. I'll go with D just to be safe.
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Wilbert
15 days ago
Yeah, I agree. D makes sense for a loan on a rental property.
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Alisha
19 days ago
I think D is the correct answer.
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Stephaine
2 months ago
I'm pretty sure it's option D. The bank has to use an index beyond its control for rental property loans, not for personal homes or investment properties that the borrower will live in.
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Carey
1 months ago
I believe option D is the correct choice for loans on rental properties.
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Yvette
1 months ago
I'm not sure, but it does sound logical that rental properties would require an index beyond the bank's control.
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Nidia
1 months ago
Yeah, I agree. The bank needs to use an index beyond its control for rental properties.
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Brice
1 months ago
I think you're right, option D makes sense for rental properties.
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Louisa
2 months ago
I'm not sure, but I think it might also apply to option B for vacation homes.
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Glenn
2 months ago
I agree with Deandrea, because for rental properties, the bank needs to consider market conditions.
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Deandrea
2 months ago
I think the bank must use an index beyond its control for option D.
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