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Exam (elaborations)

REAL 4000 UGA Exam Questions With Correct Answers

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  • UGA REAL 4000

REAL 4000 UGA Exam Questions With Correct Answers What does the value of a property mortgage depend on - answer1. Magnitude of expected cash flows 2. Timing of expected cash flows 3. Riskiness of expected cash flows The possibility that the actual outcome will vary from what was expected when...

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  • August 29, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • UGA REAL 4000
  • UGA REAL 4000
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM



REAL 4000 UGA Exam Questions With
Correct Answers

What does the value of a property mortgage depend on - answer✔✔1. Magnitude of expected
cash flows
2. Timing of expected cash flows
3. Riskiness of expected cash flows
The possibility that the actual outcome will vary from what was expected when the asset was
purchased. - answer✔✔Risk

fixed amount of money paid or received at the end of every period - answer✔✔Ordinary annuity

future cash inflow or outflow occurring only once - answer✔✔lump sum payment

What are the four time Value of money operations - answer✔✔Compounding Operations
1. Future value of a lump sum
2. Future value of an annuity
Discounting Operation
1. Present value of a lump sum
2.Present value of an annuity

What affects value - answer✔✔required yield

What is the highest degree of control you can have - answer✔✔Purchase price

loans for which the interest rate does not change over the life of the loan - answer✔✔Fixed rate
more common when rates in the market are not stable as they protect lender from interest rate
risk - answer✔✔adjustable rate

Why would you take an adjustable rate? - answer✔✔it allows the borrower to secure lower rates
for the short term

Two elements of a mortgage loan - answer✔✔1. The note

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM
2. The mortgage
exact terms of financial obligation
1. Where financial terms are discussed
2. Interest rate
3.Fixed rate

4.Amortization - answer✔✔The Note
A pledge of property as a security for the note. Formal conveyance of rights to disposition -
answer✔✔The mortgage (DOT)

Various arrangements for fixed-rate loan - answer✔✔1. Fully Amortized
2. Partially Amortized
3. Interest only
4. Negative Amortization

Fully amortized - answer✔✔Most Residential Consumer Real Estate Loans

Partially amortized - answer✔✔1. Most commercial Real Estate loans
2. Term for amortization
3. Term to maturity (paid off before amortization term)

Interest only (NON AMORTIZING sometimes called a bullet loan) - answer✔✔1. balloon
payment at tend UNLESS converting to amort loan
2. Mostly commercial but sometimes residential loans

Negative amortization ( principal rising, not falling) - answer✔✔purposeful in reverse mortgage

The Note: Prepayment - answer✔✔

Right of prepayment unless explicitly prohibited - answer✔✔Modern statutory case

Loans with FULL right of payment - answer✔✔1. All conforming and FHA/VA loans
2. Home equity credit lines
3. Most some non conforming loans
- subprime home loans (less than 669 credit score)
-Jumbo home loans (647200 and above for all GA countries)

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