Occc 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...

Champions Real Estate Finance Exam Study Guide (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION Truth in Lending Act (TILA) A United States federal law that is designed to protect consumers in any credit transactions by requiring clear disclosure of key terms of lending arrangments all associated cost. QUESTION Trigger Terms Answer: Specific credit terms that may not be advertised unless the advertisement includes other detai...

CHAPTER 13 PSYCHOLOGY OCCC ALLEN EXAM QUESTIONS AND VERIFIED ANSWERS...

Function of Nephrons filtration, reabsorption, secretion Density of urine 1.001-1.028 pH of Urine 4.5 to 8.2, usually 6.0 (mildly acidic) Kidney Filters waste from the blood like urea, water, salt and proteins. adrenal glands a pair of endocrine glands that sit just above the kidneys and secrete hormones (epinephrine and norepinephrine) that help arouse the body in times of stress.

PHYSICS 1114 OCCC EXAM QUESTIONS AND ANSWERS...

Why do lenders collect reserve funds at the property closing? A) To get a higher yield in their investment B) To be sure money will be available for tax and insurance purposes C) To have extra money that will accrue interest D) To hedge against increases in taxes or insurance premiums - ANSWERSB) To be sure money will be available for tax and insurance payments The cost recovery period for land improvements is how long? A) 15 years B) 25 years C) 27.5 years D) 30 years - ANSWERSA) 1...

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

OCCC BIO 1314 AP 1- Units 7 questions with answers

OCCC BIO 1314 Anatomy & Physiology I- Units 5 & 6 questions with answers

OCCC BIO 1314 Anatomy & Physiology I Units 1 & 2 questions with answers