Bridge loan Study guides, Class notes & Summaries

California: Real Estate Principles Final Exam 2023 C. Net Listing Answer: Which of the following listing agreements is illegal in most states? Open Listing Exclusive Agency Listing Net Listing Agency Coupled with Interest C. The Cal-Vet loan program requires that the veteran have served a minimum of 90 days' active duty; provide Statement of Service if on active duty (or an honorable discharge if he is no longer active); and be willing to buy a California home or farm. Barney would ap...

NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE MUST NOT MISS  FEDERAL MORTGAGE RELATED LAW  UNIFORM STATE CONTENT  GENERAL MORTGAGE LAW  MORTGAGE LOAN ORIGINATION  ETHICS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servi...

MLO - Study Material Questions and Answers | Latest Update | 2024/2025 | Already Passed "Application" defined by RESPA is? The submission of a borrowers information in anticipation of a credit decision. "Higher-priced loans" are defined by which law. TILA A "jumbo" loan is also known as a(n) nonconforming loan - A jumbo loan is also known as a nonconforming loan. A borrower closed a loan last week with ABC Mortgage Company. Her name is on the National Do Not Call Registr...

What is the form to confirm tax records that's filled out with IRS? - 4506-T form APR - Annual percentage rate What is an APR? - The annual rate of interest that is charged for using credit What does an APR consist of? - Discount points, mortgage insurance premiums, administrative fees (ordination fees, processing fees, underwriting) Ballon payment - A final payment at the end of a loan term to pay off the entire remaining principal and interstate's balance, it is not covered by payments...

ARE 5.0: PA Questions and Answers Already Passed A project site has 50,000 sf of land and 10,000 sf of gross building floor area. The zoning ordinance has a required ratio of 3 sf of parking area to 1 sf of gross building area. How many parking spaces are required at 400 sf/car? 75 3:1 = ___:10,000 30,000/400 = 75 general amount of square footage dedicated to parking space 300-400 sqft (350 sqft is best to use in equations) typical drive aisle width in a parking lot 24 feet typical parking ...

California: Real Estate Principles final exam with Complete Solutions Which of the following listing agreements is illegal in most states? Open Listing Exclusive Agency Listing Net Listing Agency Coupled with Interest - -C. Net Listing Barney Dinesh has served two years of active duty for the United States Army in the Middle East. He is still on active duty, though he is now stationed stateside in California. He and his new wife, Alma, have found a home they both love, and their agent t...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

NMLS PRACTICE TEST 2023 QUESTIONS WITH COMPLETE SOLUTIONS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors -CORRECT ANSWER -- B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan to purchase 75 acres of land B. A farm loan C. A loan to purchase a property that includes a g...

NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE MUST NOT MISS  FEDERAL MORTGAGE RELATED LAW  UNIFORM STATE CONTENT  GENERAL MORTGAGE LAW  MORTGAGE LOAN ORIGINATION  ETHICS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servi...

Which of the following describes the term appreciation? - An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - More second mortgage lenders now will lend at a high to loan value. Sellers woul...