Quiz Time! Do you know these important mortgage acronyms?
Like many industries, the mortgage world has its fair share of initials and acronyms! So, here’s a quick quiz on 8 mortgage acronyms to make sure you are up to speed. 1. USDA SFHGLP 2. FHA 3. FNMA 4. FHLMC 5. SHIP 6. MIP 7. PMI 8. VA Answers: 1. USDA SFHGLP = United States Department of Agriculture Single Family Housing Guaranteed Loan Program This USDA program provides financing for homes in eligible rural areas and is known for its affordable … Continue reading Quiz Time! Do you know these important mortgage acronyms?
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