Wraparound mortgage Study guides, Class notes & Summaries

Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction - correct answer -b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market comparison approach d. gross rent multiplier - correct answer -c. market comparison approach A license is an example o...

Loan-to-Value Ratio (LTV) : 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 : Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage : Covers more than one piece of property. Wraparound Mortgage : Method of financing which preserves the low, exi...

Real Estate Finance AYPO Exam verified Questions And Answers with complete solutions Real estate has been estimated to represent approximately - answerone-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - answerprimary Texas is a: a. Lien Theory b. Title Theory - answera. Lien Theory Lien Theory - ...

Champions real estate finance Exam Questions with Verified Answers Loan-to-Value Ratio (LTV) ANS-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 ANS-Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage ANS-Covers more than one piece of propert...

Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Scored A+. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker a. included in the listing agreement a lot ...

Champions Real Estate Finance Final Exam With Correct Answers 2024 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...

Champions Real Estate Finance QuesLoan-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 Mo...

Conventional Mortgages neither insured nor guaranteed. Typically requires 20%-25% down payment. Conventional with PMI (Private mortgage insurance) A conventional loan with insurance on it- up to 20%. The law passes in 1998 made it mandatory for the lenders to drop the PMI when the loan balance reaches 78% of the original value of the property. Borrower can request the lender to drop the PMI, when the balance reaches 80% of the value of the property. FNMA and FHLMC encourages lenders to ...

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...

Champion Real Estate Financing 2023 Exam Questions and Answers Hard Money Loan - ANSWER Real estate loans made by private lenders funded in cash, great for "flippers" Blanket Mortgage - ANSWER mortgage covering more than one parcel of real estate Package Mortgage - ANSWER Mortgage covering both real and personal property Budget Mortgage - ANSWER A mortgage with payment that covers principal and interest, plus taxes, fire insurance, lease rent, etc...