Morgage Study guides, Class notes & Summaries

Florida Real Estate Exam DETAILED QUESTIONS AND ANSWERS GRADED A+ A blanket Morgage that allows for the release of a single parcel upon payment of a specified sum contains which clause? a. defeasance b. acceleration c. satisfaction d. release - ANSWER - d. release The Federal Housing Administration a. originates loans b. insures loans c. guarantees loans d. certifies loans - ANSWER - b. insures loans Construction loans are paid out in a. full at the begining of co...

NMLS Safe Test Mortgage Licensing Practice Exam Questions With Verified Answers Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - answerTILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - answerLoan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owner-o...

Principles of Real Estate - chapter 8 Reconveyance Deed - Answer- An instrument used to transfer title back from a trustee to the equitable owner of real estate WRA-Around Trust Deed - Answer- A second trust deed for which the monthly payment includes the amount of monthly payment on the existing frist trust deed Equal Credit Opportunity - Answer- Federal law granting women financial independence and preventing lenders from considering such negative credit aspects as the possibili...

These notes are ideal for students pursuing both IGCSE and GCSE business studies. The slides include critical information, with the most crucial details shrunk. These notes assisted me in moving from a 6 to an 8, and they can assist you as well.

HUD Exam (Avoiding Foreclosure) 2023 Questions and Answers complete The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan...

HUD Exam (Avoiding Foreclosure) 2023 Questions and Answers complete The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan...

Florida Real Estate Exam Owners that buy income properties as investments and depend on professionals to manage them - ANS Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANS CMA -Comparative Market Analysis... A contractor is employed by an owner of land to build on that land to the owner's specifications - ANS Custom Building When a contractor builds on his own land with the hope of locating...

Appraisal - ANSWER an appraiser's opinion of value, used to determine market value property to secure the loan Loan to Value Ratio - ANSWER Percentage of value or sales price that a lender is willing to finance Desk Review - ANSWER an appraisal that simply reviews a checklist of items as they analyze the appraisal report for completeness and acceptable conclusions Field Review - ANSWER An independent 3rd party appraiser will be contracted to review the appraisal report to verify accura...

HUD Exam - Housing Affordability, question and answer| qualified All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mo...

HUD Exam - Avoiding Foreclosure, question and answer with rated solution The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to unders...