Different financing requirements usually are involved in the various phases of a property's
life. Which of the following types of loans is used to finance improvements to the land, such
as sewers, streets and utilities?
A. Bridge loans
B. Land development loans
C. Land acquisition loans
...
REE 3043 Quiz 4 Questions and
Solutions | Grade A+
Different financing requirements usually are involved in the various phases of a property's
life. Which of the following types of loans is used to finance improvements to the land, such
as sewers, streets and utilities?
A. Bridge loans
B. Land development loans
C. Land acquisition loans
D. Construction loans
✔️: B. Land Development Loans
An interest-only balloon mortgage loan is commonly referred to as a(n):
A. Land acquisition loan
B. Mini-perm loan
C. Bullet loan
D. Mezzanine loan
,✔️: C. Bullet Loan
Which of the following terms refers to a written agreement that binds the lender to make a
loan to the borrower provided the borrower satisfies the terms and conditions of the
agreement?
A. Loan document
B. Loan application
C. Loan underwriting
D. Loan commitment
✔️: D. Loan Commitment
When comparing Commercial Loans versus Home Loans, which of the following statements
is least correct?
A. Similar to Home Loans, the legal borrower in a Commercial loan is often a single asset
corporation.
B. Commercial mortgages and notes are not as standardized as Home Loans.
C. In contrast to borrowers of Home Loans, the Commercial mortgage borrowers are often
shielded from personal liability.
D. Commercial mortgage documents are longer and more complex.
, ✔️: A. Similar to Home Loans, the legal borrower in a Commercial loan is often a single
asset corporation
If mortgage rates decline significantly, borrowers may decide to prepay the principal on their
loan even if they face prepayment penalties. One way that lenders protect themselves from
prepayments in such circumstances is to require the borrower to pay the lender the present
value (PV) of losses due to prepayment. This process is referred to as:
A. Curtailment
B. Defeasance
C. Yield-maintenance
D. Lockout
✔️: C. Yield-maintenance
While floating rate mortgage loans may offer lower interest rates to borrowers than
comparable fixed-payment mortgages, floating-rate loans may increase a lender's exposure to
which of the following risks since borrowers may not be able to continue to service the debt
if payments on the loan increase significantly?
A. Liquidity risk
B. Pipeline risk
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper TestTrackers. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €12,50. Je zit daarna nergens aan vast.