A loan office - Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct 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 Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Gold Coast Final Exam 2023 Questions and Answers 100% CorrectGold Coast Final Exam 2023 Questions and Answers 100% CorrectGold Coast Final Exam 2023 Questions and Answers 100% Correct What is the form you sign that says you will pay the loan back ? - ANSWER-promissory note What is the post licensing grace period after first expiration ? - ANSWER-none Deposits is a form of... - ANSWER-valuable consideration Physical land and improvements - ANSWER-real property Is it a violation if ...

CPA Ethics Exam Questions With Correct and Verified Answers 2024 (Graded A+). Which category contains the ethical standards, a violation of which makes a member liable to disciplinary action? (a) Ethics Rulings. (b) Interpretations of the Rules. (c) Rules. - Answer (c) is the conect answer. Code of Professional Conduct, Strncture, says that infraction of any of the rules makes a member liable to disciplinary action. (a) is wrong since members who depart from the guidance in ethical ruli...

MRL2601 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 31 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! QUESTION 1 CONFIDENTIAL Page 9 of 12 1.1 Beauty, Phineas and Samson are three friends who wish to start their own publishing company. While driving one Sunday afternoon, Samson comes across the perfect office building. He wishes to purchase this building on behalf of the proposed company. Advise Samson on the requirements that would ne...

REAL ESTATE U FINAL EXAM AND FINAL PRACTICE EXAM LATEST ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ Are unlicensed assistants allowed to record and deposit trust money deposits and maintain trust account records under the close supervision of the offer broker-incharge? - ANSWER-Yes What entities must have a firm license to operate as a broker in North Carolina? - ANSWER-Any type other than sole proprietorships. When should written a...

all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax that would be owed in Michigan on the sale ...

TAX2601 Assignment 3 Semester 2 2023 (SOLUTIONS/ANSWERS) QUESTIONS ASKED: TAX2601 2023 Semester 2 ASSESSMENT 3 — QUESTIONS The due date for this assessment is 4 September 2023 @ 10h00. The assessment covers learning units 3 — 5. TAX2601/2023/Semester 2/Assessment 3 Instructions when answering the questions: e You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a .pdf format. e You must SUBMIT YOUR ANSWERS TO ALL THE QUESTIO...

Middleton Real Estate Final Exam Questions all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax ...

FIN 537 Exam #1 Study Guide banks commercial - ANSWER-highly regulated financial institutions that deal with money and provide financial services; - deal mostly with ______ banks that accept deposits and provide loans intermediaries asset transactions - ANSWER-Banks are ________ between borrowers and savers - provide ______ transformation - provide financial ________ services valuable transactions - ANSWER-In ancient times, wealth was stored in the form of something _______ such ...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming upon closing a sales transaction who pays the sales associate their ...