Exam (elaborations)
TEXAS REAL ESTATE FINANCE EXAM 2024| REAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS
Rating
Sold
-
Pages
22
Grade
A+
Uploaded on
04-06-2024
Written in
2023/2024
TEXAS REAL ESTATE FINANCE EXAM 2024| REAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS $1352.47 - CORRECT ANSWER: The sales price is $325,000 with a loan-to-value of 85%. The interest rate is 5 7/8%. The term is 30 years. What is the amount of interest the buyer will pay the first month of the loan? Use an actual year. A) $1592.50 B) $1565.42 C) $1330.60 D) $1352.47 $2548.87 - CORRECT ANSWER: Calculate the montly payment on an 80% loan with a sales price of $350,000 for 30 year term at 6.75%. The annual taxes are $7300 and the annual insurance premium is $1480. The loan factor is 6.49 per $1000. A) $2548.87 B) $3003.17 C) $2668.18 D) $2945.20
Show more
Read less
Institution
TEXAS REAL ESTATE.
Course
TEXAS REAL ESTATE.
Whoops! We can’t load your doc right now. Try again or contact support.
Written for
- Institution
- TEXAS REAL ESTATE.
- Course
- TEXAS REAL ESTATE.
Document information
- Uploaded on
- June 4, 2024
- Number of pages
- 22
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
texas real estate finance exam 2024 real exam que
$13.99
Get access to the full document:
Wrong document? Swap it for free
Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
