Ree3043 exam questions - Study guides, Class notes & Summaries

REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS The lender that takes out a insurance policy against the mortgage in case the borrower defaults. - Answer-PMI - Private Mortgage Insurance It was created to restore confidence in the mortgage market. It had a great impact in the housing finance system. The FHA helped establish rigorous borrowing and lending standards that reduced lenders' risk and promoted the use of long term, fully amortizing loans that were more consistent with the househol...

REE3043 Exam Questions With Revised Answers What two contracts are always involved in a mortgage loan? - answerA note and a mortgage The two most common types of caps in an adjustable rate mortgage are: - answerPeriodic and overall What happens to the balance of a loan with negative amortization? - answerIt increases What is a Balloon Loan? - answerA loan with an amortization term that determines interest and principle payments as if it were a fully amortized loan and a shorter term for m...

REE3043 FINAL REVIEW EXAM WITH QUESTIONS AND ANSWERS ...

REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!

REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS Gross salary: 50,000 Mortgage debt : .36 Total : 18,000 Divide by 12 to get monthly Gives you 1,500 a month. The bank does not want you total debt ( including the cost of housing ) to be more than 1,500 a month. - Answer-Total debt ratio - school's - property tax rate - driving time to work - crime in the area - recreational amenities - Answer-Things to consider about choosing an area in which to buy a home. - don't make late payments...

REE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS Based on your understanding of the differences between levered and unlevered cash flows, which of the following is an example of a levered cash flow? A. net operating income B. net sale proceeds C. sale price D. before-tax cash flow - Answer-D Given the following information, calculate the before-tax equity reversion (BTER): NOI: $89,100; annual debt service: $58,444; net sale proceeds: $974,700; remaining mortgage balance: $631,026. ...

REE3043 Exam Questions With Correct Answers ___________ bring buyers and sellers together and earn a percentage of the contract price - answerbrokers Brokers and salesperson also do leasing such as office, retail, industrial and for apartments - answertrue _____________________ the first license one would obtain. can work a whole career without getting a broker's license - answersalesperson license salesperson splits commission with broker - answertrue When you have a salesperson licen...

REE 3043 EXAM 1 WITH QUESTIONS AND ANSWERS ...

REE3043 Exam 5 Questions with Complete Solutions Already Passed Given the following information regarding an income producing property, determine the NPV using levered cash flows in your analysis: required equity investment: $270,000; expected NOI for each of the next five years: $150,000; debt service for each of the next five years: $125,000; expected holding period: five years; required yield on levered cash flows: 15%; expected sale price at end of year 5: $2,000,000; expected cost of...

REE3043 Chapter 2 Exam Questions With Revised Answers Which of the following is not a form of property right? Lien Easement Leasehold License Mineral rights - answerLicense Which of these easements is most likely to be an easement in gross? Common wall easement Driveway easement Drainage easement Power line easement Sunlight easement - answerPower line easement Rules used by courts to determine whether something is a fixture include all except? Intention of the parties Manner of ...