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AAFM Exam CWM_LEVEL_2 Topic 6 Question 86 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 86
Topic #: 6
[All CWM_LEVEL_2 Questions]

Section A (1 Mark)

A(n)____________________________________________ is where the customer can use the difference between some percentage of the appraised value of their home and the mortgage remaining to secure a loan. This loan can be used to fund a college education, pay for a vacation or pay for home improvements.

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Suggested Answer: B

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Melynda
3 days ago
A) Home Equity Loan
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