Hard money loan - Study guides, Class notes & Summaries

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 ...

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 Q&A- 2024 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. Wrapa...

Champions real estate finance with Correct Solutions Latest 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...

Champions School of Real Estate - Real Estate Finance exam Correctly Answered 2024 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 -Cover...

NMLS Practice Test Hard Questions and Answers, Graded A+ A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The b...

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...

-pro forma balance sheet - -shows how a firms activities will affect its ability to meet its short term liabilities and how its finances will evolve over time 10 K - -filing similar to annual report but more complex 6 step process for obtaining a patent - 1. Make sure the invention is practical 2. Determine the type of application to file 3. Hire a patent attorney 4. Conduct a patent search 5. File a patent application 6. Obtain decision from U.S. Patent and Trademark Office 7(A) Loan G...

incremental borrowing cost - correct answer calculations: -what is the real cost of borrowing money at higher interest rate? and what is the required return to justify my lower down payment? basic principal when comparing choices: what are the cash flow differences? assumable loans - correct answer buyer can assume sellers existing mortgage -now why would the owner be willing to give you a below market rate? a...

BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated) Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: will be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreement is rea...