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Unit 12- Real Estate Financing Exam Questions & Answers (Grade A+).docx

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Unit 12- Real Estate Financing Exam Questions & Answers (Grade A+).docx

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Unit 12- Real Estate Financing Exam
Questions & Answers (Grade A+)
A charge of three discount points on a $120,000 loan equals


a. $450
b. $3,600
c. $4,500
d. $116,400 -
correct answer ✅b.


A prospective buyer needs to borrow money to buy a house. The
buyer applies for and obtains a real estate loan from a mortgage
company. Then the buyer signs a note and a mortgage. In this
example, the buyer is called


a. the mortgagor
b. the beneficiary
c. the mortgagee
d. the vendor -
correct answer ✅a.


A prospective buyer needs to borrow money to buy a house. The
buyer applies for and obtains a real estate loan from a mortgage

, Unit 12- Real Estate Financing Exam
Questions & Answers (Grade A+)
company. Then the buyer signs a note and a mortgage. In this
example, the mortgage company is


a. the mortgagor
b. the beneficiary
c. the mortgagee
d. the vendor -
correct answer ✅c.


The borrower under a deed of trust is known as


a. the trustor
b. the trustee
c. the beneficiary
d. the vendee -
correct answer ✅a.


A loan in which the borrower makes only interest payments is
called

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