Mortgage terms - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mortgage terms? On this page you'll find 3935 study documents about Mortgage terms.
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Delaware Real Estate Law Final Exam Questions and Answers
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Delaware Real Estate Law Final Exam 
Questions and Answers 
Loan to Value Ratio - Answer️️ -Amount of the loan vs value of real estate 
Who is the Devisee under a Will? - Answer️️ -Devisee under will is person who 
receives property under a will (maker of will is devisor) 
What are the Requirements for a valid deed in DE - Answer️️ -The deed has to be in 
writing 
The deed has to describe property with specificity 
The deed must have the name of grantor and grantee 
The deed must be ...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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LPL4804 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!)
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LPL4804 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) 
 
 
Question 1. 
 
1.1 Draft the vesting clause where a couple who are married out of community of property is purchasing an immovable property together in equal undivided shares. Use your imagination for necessary information such as names. 
(4) 
 
1.2 Would your answer differ if you were describing the same couple as in question 1.1. in the preamble of the deed of transfer, i.e. as trans...
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Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024
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Unit 3 - Virginia License Law and Math 
Practice Exam With 100% Correct Answers 2024 
____ leases have "automatic renewal" clauses, stating that the lease will automatically renew 
with the same terms unless one of the parties notifies the other party in writing within a 
specified number of days before the termination of the lease. 
all 
most 
few 
none - answermost 
Phillip advised his clients they needed to paint their master bedroom before showing the 
property. The walls of this room were...
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MRL3701 EXAM PACK 2024
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MRL3701 
INSOLVENCY LAW 
PAST EXAM PACK QUESTIONS AND ANSWERS 
SUMMARISED NOTES 
S - The study-notes marketplace 
MRL 3701 
OCTOBER/NOVEMBER 2018 
QUESTION 1 
a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) 
b) Brenda’s application for voluntary surrender must be set out the causes of her 
insolvency in some detail to enable the court to determine whether the 
application is ......................... 
c) Christopher commits an act of insolvency by depar...
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Real Estate U Texas Real Estate Finance(6)
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An acceleration clause is included in which of the following...? 
The mortgage 
Both the promissory note and mortgage 
The promissory note 
The lien - Answer- The promissory note? 
 
Collateral - - Answer- Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. 
 
Promissory Note - - Answer- Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated t...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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IAAO 102 Exam 2023 with Complete Solutions
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Anticipation - ANSWER-Value is created by the expectation of benefits to be derived in the future 
 
Substitution - ANSWER-the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. 
 
Contribution - ANSWER-the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized into value. 
 
Market Value - ANS...
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Mortgage Terms Complete Advanced Test 2024.
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Mortgage Terms Complete Advanced Test 2024. 
 
 
Mortgage - CORRECT ANSWER A legally binding instrument that creates a lien on a piece of property 
 
Acceleration clause - CORRECT ANSWER A clause in a mortgage that makes the entire debt due immediately in the case of borrower default
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REAL ESTATE FINANCE PRACTICE EXAM NEW SOLUTION 2023 COMPLETE EXAM UPDATE
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A __________ is a permanent change in one or more of the terms of a borrower's loan. 
Loan Qualification 
Loan Modification 
Loan Approval 
Loan Origination - ANS IS Loan Modification 
What time period must borrowers have in job history with the same employer to qualify? 
2 months 
6 months 
1 year 
2 years - ANS IS 2 years 
Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower 
in taking a mortgage that carries high fees, a high interest rate, strips the borro...
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