Under Dodd-Frank, the ___________ was established.
pg.41
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Consumer Financial Protection Bureau (CFPB)
Discount Initial Rate is also known as ___________.
pg.163
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teaser rate
,___________, also known as Statutory Foreclosure, includes a ___________ clause.
pg.265
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Non-Judicial Foreclosure
Power of Sale:
FHA includes a downpayment as low as ___________%.
Therefore, FHA is not 100% financing. It is ___________%.
pg.183
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3.5%
96.5%
Vertans on VA loans need (3 THINGS):
pg.197
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, 1. $0 downpayment.
2. the loan is assumable.
3. it may be repaid without penalty.
The lender files a lawsuit against the homeowner, is a ___________.
The lender files a lawsuit in the judicial system, is a ___________.
pg.265
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Strict Foreclosure.
Judicial Foreclosure.
___________ is something of value that can be pledged as security for repayment of a
loan.
pg.21
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Collateral
A ___________ is a loan when you make every payment according to the original schedule
on your term loan, your loan will be fully paid off by the end of the term.
pg.165
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fully-amortizing loan
___________ is the best indicating value of value for existing properties.
pg.238
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Sales Comparison Approach
Consumation =
p.21
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Closing!
A clause that gives the borrower the ability to replace the primary instrument with
another without affecting the subordinate instrument's position.
pg.141
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pg.41
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Consumer Financial Protection Bureau (CFPB)
Discount Initial Rate is also known as ___________.
pg.163
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teaser rate
,___________, also known as Statutory Foreclosure, includes a ___________ clause.
pg.265
Give this one a try later!
Non-Judicial Foreclosure
Power of Sale:
FHA includes a downpayment as low as ___________%.
Therefore, FHA is not 100% financing. It is ___________%.
pg.183
Give this one a try later!
3.5%
96.5%
Vertans on VA loans need (3 THINGS):
pg.197
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, 1. $0 downpayment.
2. the loan is assumable.
3. it may be repaid without penalty.
The lender files a lawsuit against the homeowner, is a ___________.
The lender files a lawsuit in the judicial system, is a ___________.
pg.265
Give this one a try later!
Strict Foreclosure.
Judicial Foreclosure.
___________ is something of value that can be pledged as security for repayment of a
loan.
pg.21
Give this one a try later!
Collateral
A ___________ is a loan when you make every payment according to the original schedule
on your term loan, your loan will be fully paid off by the end of the term.
pg.165
, Give this one a try later!
fully-amortizing loan
___________ is the best indicating value of value for existing properties.
pg.238
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Sales Comparison Approach
Consumation =
p.21
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Closing!
A clause that gives the borrower the ability to replace the primary instrument with
another without affecting the subordinate instrument's position.
pg.141
Give this one a try later!
