Exam (elaborations)
North Dakota Real Estate Top Compulsory Exam Questions And CORRECT Answers
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LTV Loan to Value ratio is the percentage of a property values the bank loaned/will loan on. LTVR x Value = Loan Amount Discount Points Pre-paid interest paid by or on behalf of borrowers at the beginning of the loan to reduce monthly mortgage payments 1 point = 1% of the loan = .25% inter...
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