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REAL 4000 UGA Questions and answers
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  • REAL 4000 UGA
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  • REAL 4000 UGA

Recourses of foreclosure - borrower can come back through - equity of redemption -statutory The possibility that the actual outcome will vary from what was expected when the asset was purchased. - Risk fixed amount of money paid or received at the end of every period - Ordinary annuity future...

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  • August 3, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • REAL 4000 UGA
  • REAL 4000 UGA

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REAL 4000 UGA
Recourses of foreclosure - borrower can come back through

- equity of redemption

-statutory



The possibility that the actual outcome will vary from what was expected when the asset was purchased.
- Risk



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



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



What are the four time Value of money operations - 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 - required yield



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



loans for which the interest rate does not change over the life of the loan - Fixed rate



more common when rates in the market are not stable as they protect lender from interest rate risk -
adjustable rate

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



Two elements of a mortgage loan - 1. The note

2. The mortgage



exact terms of financial obligation

1. Where financial terms are discussed

2. Interest rate

3.Fixed rate

4.Amortization - The Note



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



Various arrangements for fixed-rate loan - 1. Fully Amortized

2. Partially Amortized

3. Interest only

4. Negative Amortization



Fully amortized - Most Residential Consumer Real Estate Loans



Partially amortized - 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) - 1. balloon payment at tend
UNLESS converting to amort loan

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