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Champions Real Estate Finance Already Passed!! EXAM BUNDLE 2023
Champions Real Estate Finance Already Passed!!
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Champions Real Estate Finance Practice exam Correct 100%
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A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination -ANSWER Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 mo...
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Add to cartA __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination -ANSWER Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 mo...
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Champions real estate finance Exam 100% Verified!!
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mortgage Broker - ANSWER Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWER Small...
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Add to cartmortgage Broker - ANSWER Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWER Small...
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Champions Real Estate Finance Correct 100%
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Loan-to-Value Ratio (LTV) - ANSWERThe 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 Mortgag...
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Add to cartLoan-to-Value Ratio (LTV) - ANSWERThe 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 Mortgag...
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Champions Real Estate Finance Already Passed!!
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Mortgage - ANSWER A pledge of real property as security for a debt. Deed of Trust - ANSWER A three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWER A personal promise to repay a debt. Mortgagor - ANSWER Borrower under a mortgage Mortgagee - ANSWER Lend...
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Add to cartMortgage - ANSWER A pledge of real property as security for a debt. Deed of Trust - ANSWER A three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWER A personal promise to repay a debt. Mortgagor - ANSWER Borrower under a mortgage Mortgagee - ANSWER Lend...
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Champions Real Estate finance practice exam 100% Accurate
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The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is - ANSWER Finance Most real estate cycles in Texas are determined by: - ANSWER Supply and demand __________________ measure(s) the wealth and resources of a particu...
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Add to cartThe science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is - ANSWER Finance Most real estate cycles in Texas are determined by: - ANSWER Supply and demand __________________ measure(s) the wealth and resources of a particu...
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