Ree 4202 - Study guides, Class notes & Summaries
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REE 4202- Exam 2 Sirmans Qs&As
- Exam (elaborations) • 11 pages • 2024
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REE 4202- Exam 2 Sirmans Qs&As 
Borrower Qualifications include: - ANS-1. determining maximum loan amount 
2. estimating settlement requirements and costs 
3. analyzing credit history 
4. calculating effective income 
5. estimating monthly housing expense 
6. assessing ability to repay mortgages and other liabilities in a timely fashion 
Credit Scoring - ANS--used to assess the creditworthiness of a borrower 
-best known company FICO (Fair Isaac and Company) 
-cutoff score for Frannie and Fr...
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REE 4204 exam 4, Real estate finance exam 3, REE 4202- Exam 2 Sirmans, Real estate finance Sirmans Exam 1 - Combined Test With Correct Revised Answers Guaranteed Pass!!
- Exam (elaborations) • 44 pages • 2024
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REE 4204 exam 4, Real estate 
finance exam 3, REE 4202- Exam 2 
Sirmans, Real estate finance 
Sirmans Exam 1 - Combined Test 
With Correct Revised Answers 
Guaranteed Pass!! 
Mortgage Refinancing - ANSWER : ●Replaces an 
existing mortgage with a new mortgage without a property 
transaction. 
●Borrowers will most often refinance when market rates 
are low. 
●The refinancing decision compares the present value of 
the benefits (payment savings) to the present value of the 
costs (p...
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REE 4202- Exam 2 Sirmans Questions And Revised Correct Answers
- Exam (elaborations) • 13 pages • 2024
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REE 4202- Exam 2 Sirmans Questions And 
Revised Correct Answers 
Borrower Qualifications include: - 
ANSWER : 
1. determining maximum loan amount 
2. estimating settlement requirements and costs 
3. analyzing credit history 
4. calculating effective income 
5. estimating monthly housing expense 
6. assessing ability to repay mortgages and other liabilities 
in a timely fashion 
Credit Scoring – 
ANSWER : -used to assess the creditworthiness of a 
borrower 
-best known company FICO (Fai...
-
REE 4202- Exam 2 Sirmans Questions And Revised Correct Answers
- Exam (elaborations) • 7 pages • 2024
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REE 4202- Exam 2 Sirmans Questions And 
Revised Correct Answers 
Greg and Wanda Sandler purchased their home 35 years ago 
and it was paid off at the end of thirty years. In order to 
supplement their fixed income, the Sandlers receive monthly 
checks from their bank. Most likely, what did they get? - 
ANSWER : Reverse annuity mortgage 
What is one of the major objectives of professional property 
management? - ANSWER : Minimize expenses while maximizing 
profits for the owner. 
Glenna an...
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REE 4204 exam 4, Real estate finance exam 3, REE 4202- Exam 2 Sirmans, Real estate finance Sirmans Exam 1 - Combined Test With Correct Revised Answers Guaranteed Pass!!
- Exam (elaborations) • 44 pages • 2024
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Available in package deal
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- $17.99
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REE 4204 exam 4, Real estate 
finance exam 3, REE 4202- Exam 2 
Sirmans, Real estate finance 
Sirmans Exam 1 - Combined Test 
With Correct Revised Answers 
Guaranteed Pass!! 
Mortgage Refinancing - ANSWER : ●Replaces an 
existing mortgage with a new mortgage without a property 
transaction. 
●Borrowers will most often refinance when market rates 
are low. 
●The refinancing decision compares the present value of 
the benefits (payment savings) to the present value of the 
costs (p...
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REE - Exam 2 Questions And Revised Correct Answers
- Exam (elaborations) • 46 pages • 2024
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REE - Exam 2 Questions And Revised 
Correct Answers 
You are asked to appraise a vacant building lot. The 
neighborhood is about 75% built up. Most lots in the area 
are from 55 to 65 feet wide; the lot under appraisal is 60 
feet. Comparable sales indicate that lots are selling at 
$120 to $150 per front foot. What is a good estimate of the 
price range for this lot? - ANSWER : $7,200 to $9,000 
The land valuation technique that relies on an analysis of 
ratios of land value to property ...
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REE 4204 NEWEST 2024 COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+
- Exam (elaborations) • 3 pages • 2024
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REE 4204 NEWEST 2024 COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ 
 
Why do interest rates matter? - ANSWER you want to pay the lowest rate you can because interest determines the payment you have. 
 
How are interest rates determined? - ANSWER real rate + inflation rate = interest rate 
 
What are some risks in real estate? - ANSWER default risk, interest rate risk, inflation risk 
 
What is a yield curve? - ANSWER rel...
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Sirmans FINC 3610 Final Exam Questions & Answers, FINC 3610 sirmans final exam Qs&As 2024, Sirmans FINC Final Exam (Questions And Answers), Sirmans FINC Final Exam Review Solution Qs&As, FINC 3610 Final Exam Auburn, Sirmans, Fall 2024 New Update, FINC Sir
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Finance Final Review Questions & Answers 2024 Review
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1. The process of managing your money
to achieve personal economic satisfaction
2. The use of knowledge and skills
for earning, saving,
spending, and investing money to
achieve personal,
family, and community goals
3. A formalized report that summarizes your current financial situ
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