Loan components - Study guides, Class notes & Summaries

Fincert Texan Smart Exam Questions With 100% Correct Answers. ________ is a contractual agreement whereby a borrower receives something of monetary value now and agrees to repay the lender at a later date. - answercredit Credit addresses what? - answerThe concepts of obtaining and utilizing credit wisely True or False: Good credit can take years to establish yet only months to destroy. - answertrue What is the FCRA? - answerThe Fair Credit Reporting Act why is the FCRA important? - answe...

NASCLA Test 1 Questions and Answers Already Passed ____ and _____ are two essential parts to a business plan 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to fil...

5 C's of Borrower Credit - Answer-Character, Capital, Capacity, Collateral, Credit 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Abandoned wells - Answer-- physical threat - allowing surface runoff to directly enter an aquifer - permitting cross contamination of different aquifers by a well bore can tell that its running dry - air bubbles in waterline - no water flow - water outages after heavy use - pump does not produce as much water as it us...

A city park would be considered what type of zone? - Special use zone. A property's value minus any outstanding debt is known as... - Equity. A sales associate receives an earnest money deposit check on Thursday. The broker must deposit the check by? - 0- Thursday 1- Friday 2- Monday 3- Tuesday. A sales associate receives an earnest money deposit check on Thursday. The sales associate must turn the check over to their broker by: - Friday (the next business day). A timeshare owner is se...

Anticipation - ANSWER-Value is created by the expectation of benefits to be derived in the future. Leverage - ANSWER-The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds. Chattel mortgage - ANSWER-A mortgage only on persona property Yo - ANSWER-Also known as the discount rate, reflects the return on investment. Safe rate - ANSWER-Base rate on the safest investments such as government insured investments (Yo). Risk rate - ANSWER-An amount ...

SIE exam caril: complete study guide Q-bank answered latest spring 2023. What type of risk is unique to a specific industry, business enterprise, or investment type? - Under which of the following circumstances is an investor in a position to acquire stock? - Options- a premium - Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the sto...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

Peregrine Exam Study Guide 253 Questions with Complete Solutions What is a general ledger? - Correct Answers A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earning...

NMLS PRACTICE TEST 2023 QUESTIONS WITH COMPLETE SOLUTIONS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors -CORRECT ANSWER -- B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan to purchase 75 acres of land B. A farm loan C. A loan to purchase a property that includes a g...

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 (100% Correct) The three types of operating expenses of an income property are A) fixed, debt service, and reserves for replacements. B) reserves for replacements, fixed, and variable. C) variable, income taxes, and fixed. D) reserves for replacements, variable, and income taxes. correct answers B) reserves for replacements, fixed, and variable. Explanation Operating expenses are divided into...