Ree 4202 Study guides, Class notes & Summaries

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...

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...

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 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...

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...

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 ...

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...