Open end mortgage Study guides, Class notes & Summaries

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...

REAL ESTATE EXAM FL SALES ASSOCIATE QUESTIONS AND ANSWERS, VERIFIED/ Absentee Owner - -A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - -A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - -A condition in a loan contract that permits the lender to require immediat...

45 Hour Post License Florida Exam Questions and Answers Latest 2024/2025 (100% Correct) A residential transaction os defined in F.S. 475 as the sale of any: correct answers - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - dispositions of bu...

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...

Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct The appraisal process requires that the appraiser collect, record and verify -ANS- data on the region, city and neighborhood when choosing comparable sales for the sales comparison approach, property characteristics that should be identical or very similar to those of the subject property include the -ANS- size of lot & building, ager of building and type of construction, number and type of rooms one method of compensation ...

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 ...

1 REAL ESTATE EXAM FL SALES ASSOCIATE QUESTIONS AND ANSWERS, VERIFIED/ Absentee Owner - -A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - -A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - -A condition in a loan contract that permits the lender to require immedi...

An open-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. real estate investment trust A. mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent B. Plan Completion Insurance A closed-end...

Loan-to-Value Ratio (LTV) - correct answerThe 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 answerIncludes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answerCovers more than one piece of property. Wraparound Mortgage - corr...

Kentucky Real Estate Mock Test 1 Already Graded A+ A $450,000 sale price was obtained from a 12% capitalization rate. What was the gross income when the total expenses were 15% of the gross? ️$63,529.41 Step 1 $450,000 x 12% = $54,000 Step 2 100% - 15% = 85% Step 3 $54,000 ÷ 85% = $63,529.41 A borrower purchased mortgagee's title insurance on a property. After the final payment was made on the mortgage, a title defect was found. The borrower would have recourse through the ️...