Mortgage bound - Study guides, Study notes & Summaries

"Integration" is - depositing cahs and then using that cahs to purchase real estate folowed by using that real estate as collateral on a loan which is paid back with large cash payments "Placement" is - the process of introducing unlawful proceeds into the financial system a 100k loan has a 7.5% payment cap and a current monthly payment of 1k At the next adjustment payment could not be increased more than - 1075% bc the 7.5% cap is on the payment not the mortgage a 2/1 buydown - reduce...

Public Administration is correct answers government in action- the management of public affairs or implementation of public policies In what ways does the government carry out PA? correct answers - suppling goods and services - making and enforcing regulations -managing resources -resolving conflicts in an efficient and equitable manner Public administration is distinct from private administration because correct answers of the role of public authority public organizations administer l...

CIP - C120 Underwriting Essentials Latest Update Already Passed Definition #1 An underwriter is an insurance professional employed to accept or reject risk on behalf of an insurer Definition #2 An underwriter is an investor of shareholder capital Definition #3 An underwriter is an insurance professional employed to implement an insurer's strategic plan Complete Definition An underwriter is an insurance professional who invests the capital of an insurer's shareholders by accepti...

MASSACHUSETTS REAL ESTATE TEST DEFINITIONS: COMPLETE EXAM REVIEW 4C's - -Capacity, capital, collateral, and credit which are used by a lender to assess a buyer's ability to repay a loan 6D Certificate - -Certifies that all condo fees have been paid up to the date of closing; required for all condo closings in Massachusetts 21E Certificate - -Certifies that property is free from contamination 203(b) - -FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied r...

HCAD 375 Final Question and answers 2023 verified to pass(UPDATED)HCAD 375 Final Question and answers 2023 verified to pass 3 managerial viewpoints and how that influences $ management - correct answer Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for...

Massachusetts Real Estate Test Definitions Correctly Answered 2024.21E Certificate - ANSWER Certifies that property is free from contamination 203(b) - ANSWER FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied residence 1031 Exchange - ANSWER Way to defer capital gains tax; property owner must re-invest profits from the sale of an investment property into another investment property within 6 months 1099 - ANSWER Independent contractor status according to th...

North Carolina Real Estate PreLicensing Questions and Answers Abstract of Title - `ANSWER The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. Acceleration Clause - `ANSWER The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) 2024 Admitted Insurance Company vs. Non-Admitted Insurance Company -Answer-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

PA Real Estate Practice Latest 2023 Already Passed Abstract of Title condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property Acceleration Clause clause in a mortgage or trust deed that can be enforced to make the entire debt due immediately if the mortgagor defaults on an installment payment Acceptance a promise by the offeree to be bound by he exact terms proposed b...