An amortized loan Study guides, Class notes & Summaries

MD Real Estate PSI National Exam 1 Question and answers rated A+ 2024MD Real Estate PSI National Exam 1 Usury MOST nearly means - correct answer A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as loan sharks. - correct answer usurious and illegal. Which of the following desc...

a. correct answersWhen a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the: a. mortgagor b. lender c. mortgagee d. beneficiary b. correct answersA buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest cent, what is the difference between the monthly payments for these two loans? (BE SURE TO USE THE AMORTIZATION TABLE....

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

COLORADO LAW AND PRACTICE - PSI REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. Abandonment - -Non-payment of taxes Abstract of title - -A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause - -Upon default, all the principal installments come due to immediately Accesion - -owner of land is entitled to all the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not ...

PSI NATIONAL REAL ESTATE EXAM LATEST TEST BANK EXAM WITH 500+ QUESTIONS AND CORRECT ANSWERS WITH RATIONALES ALREADY GRADED A+ (BRAND NEW!!) A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest cent, what is the difference between the monthly payments for these two loans? (BE SURE TO USE THE AMORTIZATION TABLE.) - ANSWER-$409.20. A borrower has defaulted on the mortgage. The mortgag...

NMLS 2023 Exam Questions and Answers All Correct An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors - Answer-B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan to purchase 75 acres of land B. A farm loan C. A loan to purchase a property that includes a gas statio...

Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays _______ separately from the base rent. - Taxes, insurance, and maintenance When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? -...

Real Estate Final Exam Questions With Complete Solutions Updated O(GRADED 100%). An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? If the tenant has loud parties, makes too much noise, and is constantly disturbing other tenants 4. B...

Real estate has been estimated to represent approximately - one-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. - primary Texas is a: a. Lien Theory b. Title Theory - a. Lien Theory Lien Theory - In lien theory states such as Texas, the security for a mortgage is a lien placed on the property, which ...

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...