Package mortgage Study guides, Class notes & Summaries
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions 
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 app...
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FL Real Estate Practice Exam 2 2023 with 100% correct answers
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c - correct answer -Which remedies are available when a seller breaches a contract? 
 
a. A suit for specific performance 
b. Buyer gets deposit returned 
c. A or b but not both 
d. Notifying FREC 
 
b - correct answer -What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? 
 
a. Equity of estoppel 
b. Right of redemption 
c. Right of defeasance 
d. Equity of disposition 
 
d - correct answer -Which type of mortgage is...
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NMLS - Champion Test Questions and Answers Graded A 2024
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Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - FCRA 
 
Which agency manages the National Do Not Call Registry? - Federal Trade Commission 
 
Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - The SAFE Act 
 
Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Acceptable 
 
Which law s...
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Champions Real Estate Finance Questions & Answers 100% Correct!!
- Exam (elaborations) • 15 pages • 2024
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Loan-to-Value Ratio (LTV) - ANSWERSThe 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 - ANSWERSIncludes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - ANSWERSCovers more than one piece of property. 
 
Wraparound Mortgage - ANSWERSMethod of financin...
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NMLS Test Questions and Answers Graded A+
- Exam (elaborations) • 28 pages • 2024
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NMLS Test Questions and Answers Graded A+ 
What is the pass rate for the NMLS Test and how long is it? 
75% of 115 questions, 125 questions long with 10 ungraded 
 
 
 
What is the biggest thing to remember about taking the test? 
Read the questions twice, slowly, but do not take over 30 seconds per question the first time through. 
 
 
 
 
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LEVERAGE BUYOUT (WALL STREET PREP) QUESTIONS AND CORRECT VERIFIED NSWERS 2023/2024 GRADED A+.
- Exam (elaborations) • 45 pages • 2023
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LEVERAGE BUYOUT (WALL 
STREET PREP) QUESTIONS AND 
CORRECT VERIFIED NSWERS 
2023/2024 GRADED A+. 
2 / 22 
1. What is a leveraged buyout (LBO)?: In a leveraged buyout, a private equity firm(often called the 
financial sponsor) acquires a company with most of the purchase price being funded through the use of 
various debt instrumentssuch asloans, bonds.The financial sponsor will secure the financing package 
ahead of the closing of thetransaction and then contribute the remaining amount. 
Once th...
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Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+)
- Exam (elaborations) • 15 pages • 2024
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Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+) 
Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+) 
 
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 persona...
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Florida Real Estate Practice Exam 2 2023 with 100% correct answers
- Exam (elaborations) • 16 pages • 2023
-
Available in package deal
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- $16.49
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Which remedies are available when a 
seller breaches a contract? 
a. A suit for specific performance 
b. Buyer gets deposit returned 
c. A or b but not both 
d. Notifying FREC - correct answer -c. A or b but not both 
 
What term refers to the right of a 
mortgagor to stop a foreclosure process 
by paying the entire balance, interest and 
so on? 
a. Equity of estoppel 
b. Right of redemption 
c. Right of defeasance 
d. Equity of disposition - correct answer -b. Right of redemption 
 
Which type ...
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Texas Principles of Real Estate 2 Exam| Complete Guide with Questions and Verified Answers| Already Grade A| 2023/ 2024 New Updated
- Exam (elaborations) • 88 pages • 2023
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Texas Principles of Real Estate 2 Exam| 
Complete Guide with Questions and Verified 
Answers| Already Grade A| 2023/ 2024 New 
Updated 
 
QUESTION 
What does a buyer receive until the debt is fully paid in case of installment land sales contract? 
 
Answer: 
 Equitable title 
 
 
QUESTION 
What type of loan is considered an expandable one? 
 
Answer: 
 Open-end 
 
 
 
QUESTION 
When a buyer borrows from the seller in addition to the lender, this is known as what? 
 
Answer: 
 Purcha...
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Champions Real Estate Finance Exam Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 19 pages • 2024
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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. - Answer-Loan-to-Value Ratio (LTV) 
Includes both real and personal property ( fixtures and furnishings) - Answer-Package Mortgage 
Covers more than one piece of property. - Answer-Blanket Mortgage 
Method of financing which preserves the low, existing ...
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