100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Foundations of Real Estate Finance Final Exam Practice Questions Well Elaborated. $12.99   Add to cart

Exam (elaborations)

Foundations of Real Estate Finance Final Exam Practice Questions Well Elaborated.

 3 views  0 purchase
  • Course
  • REAL ESTATE FINANCE.
  • Institution
  • REAL ESTATE FINANCE.

Your client, Dolly, has no money for a down payment. What would she need to do in order to obtain down-payment assistance? - correct answer Qualify based on her income and credit. What's the actual balance, excluding interest, of a mortgage loan called? - cor...

[Show more]

Preview 1 out of 3  pages

  • November 4, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REAL ESTATE FINANCE.
  • REAL ESTATE FINANCE.
avatar-seller
RealGrades
Foundations of Real Estate Finance
Final Exam

Your client, Dolly, has no money for a down payment. What would she need to do in order to obtain
down-payment assistance? - correct answer Qualify based on her income and
credit.



What's the actual balance, excluding interest, of a mortgage loan called? - correct answer
The principal



What does a 3-2-1 buy down loan mean? - correct answer Gradually increasing rate
and payments for the first, second, and third years and then a fixed rate thereafter



Your client, Jim, is a veteran who's purchasing a home with a VA loan. Which of the following is a VA
loan benefit? - correct answer No down payment requirements



Which of the following statements best describes how real estate financing opens opportunities for your
clients? - correct answer Financing allows more people to purchase ho



What are the three pieces of data needed to calculate a monthly loan payment? - correct answer
Principal loan amount, term, contract rate



Which of the following is a characteristic of a mortgage banker? - correct answer
Their underwriting standards are set by the secondary market, so they may be less flexible in
underwriting exceptions.



Which one of the following statements is true? - correct answer Real estate
professionals may recommend reputable lenders.



Alisha lost her job and has fallen behind on her mortgage payments. Which of the following is a good
option for Alisha? - correct answer Work with her lender on a repayment plan

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart