Texas real estate finance - Study guides, Class notes & Summaries

The amount the borrower makes prior to any deductions for taxes or insurance is: A) Guaranteed income B) Net income C) Gross income D) Gross margin - Gross income _______: In the Texas Constitution, a principle residence of a family or adult single person is protected from forced sale for all debt except: property taxes; federal tax liens of both spouses; a home equity lien.....etc... - Homestead ______ ______ ____: lenders use what is called a front-end ratio, which is reflected as a pe...

TEXAS REAL ESTATE FINANCE EXAM/ LATEST UPDATE /ACTUAL 200+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+ $1352.47 - CORRECT ANSWER: The sales price is $325,000 with a loan-to-value of 85%. The interest rate is 5 7/8%. The term is 30 years. What is the amount of interest the buyer will pay the first month of the loan? Use an actual year. A) $1592.50 B) $1565.42 C) $1330.60 D) $1352.47

Texas Real Estate Finance Exam Latest Update + Questions and Verified Correct Answers Guaranteed A+>.Texas Real Estate Finance Exam Latest Update + Questions and Verified Correct Answers Guaranteed A+>.Texas Real Estate Finance Exam Latest Update + Questions and Verified Correct Answers Guaranteed A+>.

Texas Real Estate Finance Questions and Answers Graded A+ REAL ESTATE the land and everything permanently attached to it that is owned as part of a person's estate ESTATE everything a person owns - all assets, whether real property or personal property and liabilities 2 classifications of estate 1. Freehold 2. Leesehold Freehold Estate indefinite ownership of estate with full bundle of rights Leasehold Estate limited ownership of estate with limited rights, right to use. Type of Freehold ...

TEXAS REAL ESTATE FINANCE EXAM/ LATEST UPDATE /ACTUAL 200+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+

Texas Real Estate Finance: Questions & Correct Answers

TEXAS REAL ESTATE FINANCE EXAM 2024| REAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS $1352.47 - CORRECT ANSWER: The sales price is $325,000 with a loan-to-value of 85%. The interest rate is 5 7/8%. The term is 30 years. What is the amount of interest the buyer will pay the first month of the loan? Use an actual year. A) $1592.50 B) $1565.42 C) $1330.60 D) $1352.47 $2548.87 - CORRECT ANSWER: Calculate the montly payment on an 80% loan with a sales price of $350,000 for 30 year term at 6.75%. The...

An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien - Answer The promissory note? Collateral - - Answer Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. Promissory Note - - Answer Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulate...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

Texas Real Estate Finance Exam Latest Update + Questions and Verified Correct Answers Guaranteed A+>.