Real Estate
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
D escri be the term appreci ati on?
I nc re a s e i n t h e va l u e o f a pro pe rt y
When ownershi p of a mortgage i s transf erred f rom one company to another, i t i s
cal l ed? a n a s s i g nme nt .
A mortgage l oan whi ch requi res the remai ni ng bal ance be pai d at a speci f i c poi nt
B a l l o o n M o rt g a g e
i n ti me i s cal l ed a/an?
Second mortgage l enders are l endi ng at a hi gher l oan to val ue & and sel l ers of ten
Why aren't bri dge l oans used as much any more? pref er to accept of f ers f rom buyers who have al ready sol d thei r properti es. (seri ous
buyers)
, Real Estate
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
A ti tl e f ree of l i ens or l egal questi ons as to ownershi p of the property i s cal l ed a
____________ Cl ear
ti tl e?
What i s the col l ateral i n a home l oan? T he property bei ng purchased wi th the l oan
T he adj ustment date on an adj ustabl e-rate mortgage i s ? T he contractual date the rate wi l l adj ust (change)
What i s the deposi t cal l ed that i s made by a potenti al buyer to show he/she i s E a rne s t M o ne y D e po s i t
seri ous about buyi ng the house? (E M D )
, Real Estate
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
A ri ght-of -way whi ch gi ve persons other than the owner access to or over a property
E a s e me nt
i s known as an?
Whi ch best descri bes a subdi vi si on? T he di vi si on of l and i nto seperate parcel s
When someone contri butes to the constructi on or rehabi l i tati on of a property wi th
Swe a t E q ui t y
l abor or servi ces rather than cash, that contri buti on i s cal l ed?
Ad j u s t a b l e R a t e M o rt g a g e
T he two-step mortgage i s def i ned as?
(AR M )
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
D escri be the term appreci ati on?
I nc re a s e i n t h e va l u e o f a pro pe rt y
When ownershi p of a mortgage i s transf erred f rom one company to another, i t i s
cal l ed? a n a s s i g nme nt .
A mortgage l oan whi ch requi res the remai ni ng bal ance be pai d at a speci f i c poi nt
B a l l o o n M o rt g a g e
i n ti me i s cal l ed a/an?
Second mortgage l enders are l endi ng at a hi gher l oan to val ue & and sel l ers of ten
Why aren't bri dge l oans used as much any more? pref er to accept of f ers f rom buyers who have al ready sol d thei r properti es. (seri ous
buyers)
, Real Estate
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
A ti tl e f ree of l i ens or l egal questi ons as to ownershi p of the property i s cal l ed a
____________ Cl ear
ti tl e?
What i s the col l ateral i n a home l oan? T he property bei ng purchased wi th the l oan
T he adj ustment date on an adj ustabl e-rate mortgage i s ? T he contractual date the rate wi l l adj ust (change)
What i s the deposi t cal l ed that i s made by a potenti al buyer to show he/she i s E a rne s t M o ne y D e po s i t
seri ous about buyi ng the house? (E M D )
, Real Estate
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-58 9 0 9 31
A ri ght-of -way whi ch gi ve persons other than the owner access to or over a property
E a s e me nt
i s known as an?
Whi ch best descri bes a subdi vi si on? T he di vi si on of l and i nto seperate parcel s
When someone contri butes to the constructi on or rehabi l i tati on of a property wi th
Swe a t E q ui t y
l abor or servi ces rather than cash, that contri buti on i s cal l ed?
Ad j u s t a b l e R a t e M o rt g a g e
T he two-step mortgage i s def i ned as?
(AR M )
