Champions Real Estate Finance EXAM BUNDLE(COMPLETE PACKAGE) Questions and Answers with Complete Solutions!Champions Real Estate Finance EXAM BUNDLE(COMPLETE PACKAGE) Questions and Answers with Complete Solutions!Champions Real Estate Finance EXAM BUNDLE(COMPLETE PACKAGE) Questions and Answers with ...
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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 Mortga...
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Add to cartLoan-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 Mortga...
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. -ANSWER- Closing The primary determinants of real estate values are supply and _____. -ANSWER- Demand _____ is something...
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Add to cart_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. -ANSWER- Closing The primary determinants of real estate values are supply and _____. -ANSWER- Demand _____ is something...
Origination - ANSWER-The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWER-Experian, Equifax, and TransUnion Not all cr...
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Add to cartOrigination - ANSWER-The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWER-Experian, Equifax, and TransUnion Not all cr...
Loan Processing - ANSWER-The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWER-The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
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Add to cartLoan Processing - ANSWER-The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWER-The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
Congress created the Federal Housing Administration in - ANSWER-1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWER-5 years A loan with no discount points is known as a - ANSWER-Par loan What...
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Add to cartCongress created the Federal Housing Administration in - ANSWER-1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWER-5 years A loan with no discount points is known as a - ANSWER-Par loan What...
Loan Processing -ANSWER- The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
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Add to cartLoan Processing -ANSWER- The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
Loan Processing -ANSWER- The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
Preview 2 out of 8 pages
Add to cartLoan Processing -ANSWER- The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending instit...
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Add to cartFederal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending instit...
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