Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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Which statement is correct about Investor Taylor's possible sources of mortgage financing?

  1. Chartered banks offer more flexibility than trust companies

  2. Insurance companies cannot provide mortgage financing

  3. Pension funds are the primary source for residential properties

  4. Private investors face restrictive lending regulations

  5. Credit unions only provide residential loans

  6. Trust and loan companies might offer flexibility

The correct answer is: Trust and loan companies might offer flexibility

Chartered banks, insurance companies, pension funds, and credit unions are all common sources of mortgage financing. Private investors, on the other hand, may face more restrictive lending regulations and may not be as accessible as other options. While trust and loan companies may offer flexibility, they are not the primary source for residential properties as pension funds are often considered the go-to option for these types of loans. However, this does not mean that insurance companies cannot provide mortgage financing, as they are also a common and viable source of funding.

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