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Champions Real Estate Finance Exam Bundle Questions and Answers with Complete Solutions!!
Champions Real Estate Finance Exam Bundle Questions and Answers with Complete Solutions!!
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions
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Loan-to-Value Ratio (LTV) - ANSWER-The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortga...
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Voorbeeld 2 van de 15 pagina's
In winkelwagenLoan-to-Value Ratio (LTV) - ANSWER-The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortga...
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Champions real estate finance Exam Questions and Answers 100% Correct
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mortgage Broker - ANSWER-Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER-Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWER-Small...
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Voorbeeld 2 van de 8 pagina's
In winkelwagenmortgage Broker - ANSWER-Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER-Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWER-Small...
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Champions Real Estate Finance Exam Questions and Answers 100% Verified
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. -ANSWER- Closing The primary determinants of real estate values are supply and _____. -ANSWER- Demand _____ is something...
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Voorbeeld 1 van de 4 pagina's
In winkelwagen_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. -ANSWER- Closing The primary determinants of real estate values are supply and _____. -ANSWER- Demand _____ is something...
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Champions Real Estate Finance Exam Questions and Answers 100% Correct
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Servicing - ANSWER-Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies Benefits of home ownership: - ANSWER-Occupancy, Tax Benefits, Pride of Ownership, Security, Investment Character - ANSWER-the willingness of a bo...
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Voorbeeld 2 van de 8 pagina's
In winkelwagenServicing - ANSWER-Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies Benefits of home ownership: - ANSWER-Occupancy, Tax Benefits, Pride of Ownership, Security, Investment Character - ANSWER-the willingness of a bo...
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Champions Real Estate Finance Exam Questions and Answers 2024
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A loan with no discount points is known as a - ANSWER-Par loan What is Fiat money - ANSWER-Currency that is not backed up by any precious metals At the treasury level, funds can be raised to pay for government spending by increasing borrowing and _____ - ANSWER-Raising Taxes The ________ is...
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Voorbeeld 2 van de 9 pagina's
In winkelwagenA loan with no discount points is known as a - ANSWER-Par loan What is Fiat money - ANSWER-Currency that is not backed up by any precious metals At the treasury level, funds can be raised to pay for government spending by increasing borrowing and _____ - ANSWER-Raising Taxes The ________ is...
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Champions Real Estate Finance Exam Questions and Answers 100% Accurate
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Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...
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Voorbeeld 2 van de 8 pagina's
In winkelwagenUnderwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...
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Champions Real Estate Finance Exams Questions and Answers 100% Solved
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Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...
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Voorbeeld 2 van de 8 pagina's
In winkelwagenUnderwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...
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Champions Real Estate Finance Exam Questions and Answers
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Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWER-in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac is a stockholder-owned corporation chartered by Congress to increase the supply of funds th...
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Voorbeeld 3 van de 16 pagina's
In winkelwagenFreddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWER-in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac is a stockholder-owned corporation chartered by Congress to increase the supply of funds th...
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