This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

• The critical distinction between a VA guarantee and FHA insurance.

• Why the zero down payment and one hundred percent loan-to-value ratio is tested.

• How the VA funding fee differs from recurring mortgage insurance premiums.

• The application of the forty-one percent back-end ratio and residual income checks.

• The roles of the Certificate of Eligibility and Certificate of Reasonable Value.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep