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Timothy Carr, University of Wisconsin - Whitewater, Real Estate (FNBSLW 348) Exam III (Chapters 15, 18, 19, 20) || with 100% Errorless Answers.$10.39
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Timothy Carr, University Of Wisconsin - Whitewater
Timothy Carr, University of Wisconsin - Whitewater
Exam (elaborations)
Timothy Carr, University of Wisconsin - Whitewater, Real Estate (FNBSLW 348) Exam III (Chapters 15, 18, 19, 20) || with 100% Errorless Answers.
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Timothy Carr, University of Wisconsin - Whitewater
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Timothy Carr, University Of Wisconsin - Whitewater
What is a Lender's Yield? correct answers Implicit interest rate received on a loan.
What are Third-Party Expenses? correct answers Up-front expenses incurred by borrower but, not paid to lender.
What is not a Third-Party Expense? correct answers Mortgage Insurance Premium
Lender's Title Ins...
Timothy Carr, University of Wisconsin - Whitewater, Real
Estate (FNBSLW 348) Exam III (Chapters 15, 18, 19, 20) || with
100% Errorless Answers.
What is a Lender's Yield? correct answers Implicit interest rate received on a loan.
What are Third-Party Expenses? correct answers Up-front expenses incurred by borrower but,
not paid to lender.
What is not a Third-Party Expense? correct answers Mortgage Insurance Premium
Lender's Title Insurance
Charges to record your mortgage
Appraisal
Mortgage Payment
Survey
What is the effect of paying Third-Party payments on the borrower? correct answers Borrow net
less cash at loan closing than lender's actual net disbursement to borrower.
Borrowers who expect to move out soon should: correct answers pay few or no discount points
and a slightly higher contract rate.
Borrowers who expect to keep loan outstanding for a long period should: correct answers
Consider paying discount points to buy down the contract interest rate.
What are the alternative amortization schedules? correct answers Interest-Only Mortgage
Partially Amortized Mortgage
Early Payment Mortgage
What is a 3/1 ARM? correct answers Interest rate is fixed for 3 years and adjusts annually
thereafter on anniversary of the loan.
What are professional real estate appraisers paid to do? correct answers Estimate the market
value of property.
(T/F) Market Value is the basis for economic transactions. correct answers True
(T/F) Most real estate decisions are made without an investment motive. correct answers False
Most real estate decisions are made with an investment motive.
What are some different expectations about the future? correct answers Rental Rates
Vacancies
Operating Expenses
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