Non recourse - Study guides, Class notes & Summaries

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

IOP3704 EXAM PREP 2022/2023. 1. Critically discuss mediation and conflict resolution in South and Southern Africa. (10)  The apartheid government in South Africa ended in 1994, but the new government in South Africa had to work through the question of dealing with the past in order to move forward.  Conflict resolution is a way for two or more parties to find a peaceful solution to a disagreement among them. The disagreement may be personal, financial, political, or emotional. Whe...

Colibri Real Estate Practice Final Exam with Complete Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants to move t...

Psyc 375- Brain and Behaviour Exam 1 Questions And Answers Neuroscience - answerThe multidisciplinary study of the brain Anatomy, physiology, chemistry, physics What are the 2 elements of the nervous system? - answerCNS (brain and spinal cord) & PNS(cranial and spinal nerves) Embodied behaviour - answermovements we make and the movements we perceive in others are central to our behaviour -we understand one another not only by listening to words but also by observing gestures and other b...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days Answer •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance Answer cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. Answer second mortgage 4) Explain what Investors with non-recourse loa...

BCOR 1015 Final Questions and Answers Graded A What are Hayeks views on planning and decision making? he believes in decentralized knowledge HAYEK: what is decentralized knowledge? spreading knowledge amongst people is Hayek against centralization? yes HAYEK: how does the price system coordinate resources? price signals are used to make decisions and send information to other groups because prices are lower or higher what are price signals? signals wrapped up in incentives; prices can consta...

Colibri Real Estate Practice Final Exam Questions with Verified Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants t...

NMLS MLO Exam Questions and Answers | Latest Version | 2024/2025 | Already Passed 2/3/6 caps ARM initial adjustment max is 2%, subsequent adjustment period max is 3%, and lifetime cap of 6% 3rd party recording fee tolerance? 10% 5/6 ARM with 2/6 caps, what does the 5/6 represent? Initial rate is fixed for first 5 years and may adjust once every 6 months thereafter A borrower is entitled to request and obtain a copy of the HUD-1 Settlement Statement how many days before closing...

Comercial Real Estate Broker Lien - Answer available only to listing broker, is NOT superior to mechanics lien, Must be filed for sales: within 30 days prior to closing; Leases: within 60 days after due date of payment Limited Non Resident Commercial License - Answer Must reside in another state or US territory , PERON must hold an active license in a "qualifying state" , Two years experience NOT required. Modular Housing - Answer Must be erected by a general contractor or by a per...