Negative amortization - Study guides, Class notes & Summaries

Escrow2 Question and answers already passed 2023/2024 What occurs when monthly installment payments are insufficient to pay the interest accruing on the principle balance, so that the unpaid interest must be added to the principle due? Reverse amortization Forensic amortization Accelerated amortization Negative amortization - correct answer Negative amortization If a home sold for $264,000 and the selling price was 10% more than what was paid for the property, the original cost of the p...

NEVADA REAL ESTATE EXAM #1 QUESTIONS WITH CORRECT ANSWERS (DEFINITE PASS) A specific lien on real property includes: a) unpaid federal taxes b) special assessments c) an easement d) exclusionary zoning - Answer-b (special assessments) The process for implementing the taking of private property for public use wherein just compensation is paid to the owner is called: a) eminent domain b) condemnation c) escheat d) assessment - Answer-a (eminent domain) An appraiser received figu...

true or false: financial decision making is based on the concept of wealth maximization - ANSWERtrue true or false: the internal rate of return is the interest rate for which a project's net present value (NPV) is exactly equal to zero - ANSWERtrue true or false: initial equity is the purchase price less any debt used to complete the purchase - ANSWERtrue which of the following is not a characteristic of risk? a) the later the cash flows are expected to be received, the greater the ri...

PSI Maryland Practice Exam Questions and Answers Already Passed If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. B. $250,...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Negative amortization - Answer-Occurs when the payment is not enough to even cover interest. Remaining interest is applied to principle causing loan balance to increase Mortgage payments - Answer-Cover PITI Principle, Interest, Taxes, insurance Interest payments - Answer-Cover the cost of using money for the past Market value - Answer-Probable selling price. You want this high Investment value - Answer-How much an investor finds the p...

NSCA Personal Trainer Certification/Licensing Test || With Questions & All Accurate Answers (100% Expert Verified) NSCA Personal Trainer Certification/Licensing Test || With Questions & All Accurate Answers (100% Expert Verified) A personal trainer eliminates the last sprint interval of an exercise session because the client gave full effort on the first five. What technique was used? - ANSWER - negative reinforcement A decrease in what will reduce the risk of developing metabolic syndrom...

Georgia MLS Practice Class Questions and Answers 100% Pass "Buy-down" describe a financing method that makes homes more affordable for prospective buyers by reducing payments in the early years of the loan. Regarding this loan technique, which of the following is true? Lenders are paid up front fees to lower the interest for a borrower in the first few years of the loan, however, negative amortization does not occur A broker has a listing for which the seller desires to net at leas...

GRADUATED PAYMENT MORTGAGE (GPM) - ANSWER-monthly payment for principal interest gradually increases by certain percentage each year for certain number of years and then it levels off of the remaining term of the mortgage. GPM loan buyer may have initial payments less than the interest only portion of the loan at that point, interest owed and not paid an initial months is added back to the principal cause and what is referred to as a negative amortization

A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) : Non-Conforming Loan VA : Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity : Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. : Release Clause One percent of a loan that is a loan processing fee : Origination Point 2 ...

WGU C268 Spreadsheets Formulae Practice Test Correctly Solved A+ Calculate the payment amount for the loan in cell C15. Reference the cells containing the appropriate loan information as the arguments for the function you use. Cells C20-C67 in the "Payment" column are populated with the payment amount from cell C15. [34 Points] *Ans* =PMT(C13/12,C12,C11) Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19) by the loan interest rate (c...