A __________ is a Loan Modification
permanent change in one or
more of the terms of a
borrower's loan.
Loan Qualification
Loan Modification
Loan Approval
Loan Origination
What time period must years
borrowers have in job
history with the same
employer to qualify?
months
months
1 year
2 years
REAL ESTATE FINANCE PRACTICE EXAM NEWEST /
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) A+ GRADE / 2025
Terms in this set (61)
,Unscrupulous actions carried Predatory lending
out by a lender to entice,
induce and/or assist a
borrower in taking a
mortgage that carries high
fees, a high interest rate,
strips the borrower of equity,
or places the borrower in a
lower credit rated loan to
benefit the lender.
Predatory lending
Sub prime Mortgage
Participation Agreement
Fraud
Unpaid property taxes are a superior lien to the right of the
Why do lender care about lender
unpaid taxes?
They want to ensure your
mortgage payment is not
late
It makes the loan difficult to
sell in the secondary market
Unpaid property taxes are a
superior lien to the right of
the lender
Lenders don't care about
unpaid taxes
, A burden, obstruction, or Encumbrance
impediment on the property
that lessens its value or makes
it less marketable.
Lien
Interest
Encumbrance
Mortgage
Which party is not included Trustor
on the deed of trust?
Mortgagor
Mortgagee
Trustor
Trustee
The mortgage or deed of Acceleration clause
trust will contain ___________
that permits the lender to
demand that the entire
balance of the loan be repaid if
the borrower defaults.
Due on sale clause
Acceleration clause
Alienation clause
Balloon clause
One of the largest buyers of Pension Funds
securities is _________.
Credit Unions
Pension Funds
China
American Public
permanent change in one or
more of the terms of a
borrower's loan.
Loan Qualification
Loan Modification
Loan Approval
Loan Origination
What time period must years
borrowers have in job
history with the same
employer to qualify?
months
months
1 year
2 years
REAL ESTATE FINANCE PRACTICE EXAM NEWEST /
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) A+ GRADE / 2025
Terms in this set (61)
,Unscrupulous actions carried Predatory lending
out by a lender to entice,
induce and/or assist a
borrower in taking a
mortgage that carries high
fees, a high interest rate,
strips the borrower of equity,
or places the borrower in a
lower credit rated loan to
benefit the lender.
Predatory lending
Sub prime Mortgage
Participation Agreement
Fraud
Unpaid property taxes are a superior lien to the right of the
Why do lender care about lender
unpaid taxes?
They want to ensure your
mortgage payment is not
late
It makes the loan difficult to
sell in the secondary market
Unpaid property taxes are a
superior lien to the right of
the lender
Lenders don't care about
unpaid taxes
, A burden, obstruction, or Encumbrance
impediment on the property
that lessens its value or makes
it less marketable.
Lien
Interest
Encumbrance
Mortgage
Which party is not included Trustor
on the deed of trust?
Mortgagor
Mortgagee
Trustor
Trustee
The mortgage or deed of Acceleration clause
trust will contain ___________
that permits the lender to
demand that the entire
balance of the loan be repaid if
the borrower defaults.
Due on sale clause
Acceleration clause
Alienation clause
Balloon clause
One of the largest buyers of Pension Funds
securities is _________.
Credit Unions
Pension Funds
China
American Public
