Investor homebuyer - Study guides, Class notes & Summaries

AYOP Principles of Real Estate 1 Exam Questions And Answers Fixity - ANS land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANS location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANS scarcity, modification, fixity, situs 3 physical characteristics of land - ANS non-homogeneity, immobility, and indestructibility Texas Real Estate Lic...

Xinnix Ground School Exam Questions With Answers first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced home...

Xinnix Ground School Questions and complete solutions first-time homebuyer Move-up homebuyer Relocation Homebuyer Affluent homebuyer Empty-nester homebuyer. Investor homebuyer End lender in mortgage banking End lender in mortgage brokering Correspondent lenders Wholesale lenders Fannie Mae (FNMA) Freddie Mac (FHLMC) FHA VA Non-agency loans Conforming loans Jumbo loan Conventional Non-conforming URLA Construction loan Construction-permanent loan P...

Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was made in the amount of $15,000 and deposited in escrow. The buyer obtained a new loan for the balance of the purchase price. The lender charged two discount points. What was the total amount charged t...

Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was made in the amount of $15,000 and deposited in escrow. The buyer obtained a new loan for the balance of the purchase price. The lender charged two discount points. What was the total amount charged t...

Your client, Dolly, has no money for a down payment. What would she need to do in order to obtain down-payment assistance? - correct answer Qualify based on her income and credit. What's the actual balance, excluding interest, of a mortgage loan called? - correct answer The principal What does a 3-2-1 buy down loan mean? - correct answer Gradually increasing rate and payments f...

Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced homebuyers look...

first-time homebuyer - Answer- Someone who has never owned a home Move-up homebuyer - Answer- Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Answer- Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Answer- Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer - Answer- Experienced homebuyers lookin...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - answer-Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - answer-Find a second job A credit report may contain which information? - answer-The number of accounts in collection st...

Q1) Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - Answer C. By type of property Q2) Which of the following is included in the legal concept of land? A. A corn crop B. A lake C. A felled tree D. An abandoned vehicle - Answer B. A lake Q3) A property abuts a non-navigable stream. What does the owner own?...