CHAMPIONS SCHOOL Of REAL ESTATE – FINANCE EXAM BUNDLE!!CHAMPIONS SCHOOL Of REAL ESTATE – FINANCE EXAM BUNDLE!!CHAMPIONS SCHOOL Of REAL ESTATE – FINANCE EXAM BUNDLE!!CHAMPIONS SCHOOL Of REAL ESTATE – FINANCE EXAM BUNDLE!!CHAMPIONS SCHOOL Of REAL ESTATE – FINANCE EXAM BUNDLE!!
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Champions Real Estate Finance QuesLoan-to-Value Ratio (LTV) - ANSWERSThe percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whi...
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Add to cartChampions Real Estate Finance QuesLoan-to-Value Ratio (LTV) - ANSWERSThe percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whi...
Champions real estate finance Exam 2024 Questions and Answers 1oo% Correct!mortgage Broker - ANSWERFunctions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWERProvide their own funds for the purpo...
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Add to cartChampions real estate finance Exam 2024 Questions and Answers 1oo% Correct!mortgage Broker - ANSWERFunctions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWERProvide their own funds for the purpo...
Champions Real Estate Financ_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANSWERClosing The primary determinants of real estate values are supply and _____. - ANSWERDe...
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Add to cartChampions Real Estate Financ_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANSWERClosing The primary determinants of real estate values are supply and _____. - ANSWERDe...
Real Estate Finance Champions Questi Origination - ANSWERThe process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWERExperian, E...
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Add to cartReal Estate Finance Champions Questi Origination - ANSWERThe process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWERExperian, E...
Champions - Real Estate Finance EXAM 2024 Questions and Answers 100% Correct! Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - ANSWERSThe process of evaluating a borrow...
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Add to cartChampions - Real Estate Finance EXAM 2024 Questions and Answers 100% Correct! Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - ANSWERSThe process of evaluating a borrow...
Champions Real Estate Finance EXAM 2024 Questions and Answers 100% accurate!Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWERSThe process of evaluating a borrower'...
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Add to cartChampions Real Estate Finance EXAM 2024 Questions and Answers 100% accurate!Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWERSThe process of evaluating a borrower'...
Champions Real Estate Finance Questions and Answers 100% Accurate! Congress created the Federal Housing Administration in - ANSWERS1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWERS5 years...
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Add to cartChampions Real Estate Finance Questions and Answers 100% Accurate! Congress created the Federal Housing Administration in - ANSWERS1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWERS5 years...
Champions Real Estate Finance QuestionsFederal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and prov...
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Add to cartChampions Real Estate Finance QuestionsFederal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and prov...
Real Estate Finance Champions Stud VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ...
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Add to cartReal Estate Finance Champions Stud VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ...
Champions Real Estate Finance - 30 hour Questions & Answers 100% Correct! Character, Credit Score, Capacity, Capitol, and Collateral - ANSWERSWhat do creditors use to approve loans? Par Loan - ANSWERSA loan that is made at the current market rate of interest. Origination - ANSWERSThe process ...
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Add to cartChampions Real Estate Finance - 30 hour Questions & Answers 100% Correct! Character, Credit Score, Capacity, Capitol, and Collateral - ANSWERSWhat do creditors use to approve loans? Par Loan - ANSWERSA loan that is made at the current market rate of interest. Origination - ANSWERSThe process ...
Real Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate!
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Add to cartReal Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate! Real Estate Finance champions 2024 Questions & Answers 100% accurate!
Real Estate Finance – Champions Questions and Mortgage - ANSWERSA pledge of real property as security for a debt. Deed of Trust - ANSWERSA three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWERSA personal promise to repay a debt. Mortgagor - ANSWERSBor...
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Add to cartReal Estate Finance – Champions Questions and Mortgage - ANSWERSA pledge of real property as security for a debt. Deed of Trust - ANSWERSA three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWERSA personal promise to repay a debt. Mortgagor - ANSWERSBor...
Real Estate Finance Practice exam 2024 Questions And Answers 100% accurate! A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWERSLoan Modification What time period must borrowe...
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Add to cartReal Estate Finance Practice exam 2024 Questions And Answers 100% accurate! A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWERSLoan Modification What time period must borrowe...
Real Estate Finance (Exam Review)QueVA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing ...
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Add to cartReal Estate Finance (Exam Review)QueVA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing ...
Champions School Of Real Estate – FINANCE Questions & Answers (rated A) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWERSOrigination activities The process of evaluating a borrower's loan application to de...
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Add to cartChampions School Of Real Estate – FINANCE Questions & Answers (rated A) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWERSOrigination activities The process of evaluating a borrower's loan application to de...
Champions School of Real Estate - Real Estate Finance Questions & Answers 100% Correct A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - ANSWERNon-Conforming Loan VA - ANSWERVeteran's administration - assists veterans in the purchase of housing by guaranteeing ...
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Add to cartChampions School of Real Estate - Real Estate Finance Questions & Answers 100% Correct A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - ANSWERNon-Conforming Loan VA - ANSWERVeteran's administration - assists veterans in the purchase of housing by guaranteeing ...
Real Estate Exam Prep (Champions; Texas)Questions and Answers 100%accurate! appurtenance - ANSWERSterm used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWERSman's additions to the land such as building and landscaping personal prope...
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Add to cartReal Estate Exam Prep (Champions; Texas)Questions and Answers 100%accurate! appurtenance - ANSWERSterm used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWERSman's additions to the land such as building and landscaping personal prope...
Real Estate Finance Exam #3 Questions And Answers (rated A) Secondary Mortgage Market - ANSWERSMarket where existing mortgages are bought and sold Mortgages - ANSWERSWhat is used for collateral for mortgage related securities? Reduces reliance on deposits - ANSWERSWhat is the effect of th...
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Add to cartReal Estate Finance Exam #3 Questions And Answers (rated A) Secondary Mortgage Market - ANSWERSMarket where existing mortgages are bought and sold Mortgages - ANSWERSWhat is used for collateral for mortgage related securities? Reduces reliance on deposits - ANSWERSWhat is the effect of th...
Real Estate Finance Exam 1The sequence of the five-step financing process is generally Funding/Closing, Servicing - ANSWERSApplication, Analysis/Processing, Qualifying/Underwriting, Funding/Closing, Servicing The Federal Reserve System consists of __ reserve districts, and __ board members. - AN...
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Add to cartReal Estate Finance Exam 1The sequence of the five-step financing process is generally Funding/Closing, Servicing - ANSWERSApplication, Analysis/Processing, Qualifying/Underwriting, Funding/Closing, Servicing The Federal Reserve System consists of __ reserve districts, and __ board members. - AN...
Real Estate Finance Exam 3 2024 Questions & Answers 100% accurate! Mortgage - ANSWERSThe document that pledges property as collateral for a loan is called a __________________. Mortgagor - ANSWERSOne who gives the mortgage to the lender is the ________________. Mortgagee - ANSWERSOne who re...
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Add to cartReal Estate Finance Exam 3 2024 Questions & Answers 100% accurate! Mortgage - ANSWERSThe document that pledges property as collateral for a loan is called a __________________. Mortgagor - ANSWERSOne who gives the mortgage to the lender is the ________________. Mortgagee - ANSWERSOne who re...
Champions Real Estate Exam Prep National Ch 7 Questions & Answers 100% accurate!Mortgage Loans - ANSWERSMost common choice for financing real property. Can be conventional or non-conventional Conventional Loan - ANSWERSNeither federally insured nor guaranteed Non-conventional Loan - ANSWERSFed...
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Add to cartChampions Real Estate Exam Prep National Ch 7 Questions & Answers 100% accurate!Mortgage Loans - ANSWERSMost common choice for financing real property. Can be conventional or non-conventional Conventional Loan - ANSWERSNeither federally insured nor guaranteed Non-conventional Loan - ANSWERSFed...
Real Estate finance practice exam 2024 Questions and Answers 100% Correct!The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is - ANSWERSFinance Most real estate cycles in Texas are determined by: - ANSWERSSupply and dem...
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Add to cartReal Estate finance practice exam 2024 Questions and Answers 100% Correct!The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is - ANSWERSFinance Most real estate cycles in Texas are determined by: - ANSWERSSupply and dem...
Real Estate Finance Quiz Questions and Answers 100% Correct! hypothication - ANSWERS bank giving you right to live in a house while you're paying for it title theory - ANSWERS live in it but don't own till paid off lien theory - ANSWERS owner while paying but bank has lien default - AN...
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Add to cartReal Estate Finance Quiz Questions and Answers 100% Correct! hypothication - ANSWERS bank giving you right to live in a house while you're paying for it title theory - ANSWERS live in it but don't own till paid off lien theory - ANSWERS owner while paying but bank has lien default - AN...
Texas Real Estate Finance Final Ex Why do lenders collect reserve funds at the property closing? A) To get a higher yield in their investment B) To be sure money will be available for tax and insurance purposes C) To have extra money that will accrue interest D) To hedge against increases in ...
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Add to cartTexas Real Estate Finance Final Ex Why do lenders collect reserve funds at the property closing? A) To get a higher yield in their investment B) To be sure money will be available for tax and insurance purposes C) To have extra money that will accrue interest D) To hedge against increases in ...
Real Estate Finance Exam #1 Questions & Answers 100% Correct Real Estate Finance - ANSWERSThe study of the institutions, markets and instruments used to transfer money and credit for the purpose of developing or acquiring real property. Real Property - ANSWERSThe rights, power, and privilege...
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Add to cartReal Estate Finance Exam #1 Questions & Answers 100% Correct Real Estate Finance - ANSWERSThe study of the institutions, markets and instruments used to transfer money and credit for the purpose of developing or acquiring real property. Real Property - ANSWERSThe rights, power, and privilege...
Champions Finance Questions and Answers 100% Correct! Three of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderw...
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Add to cartChampions Finance Questions and Answers 100% Correct! Three of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderw...
Finance exam Champions Questions & Answeorigination - ANSWERSprocess of creating a new mortgage loan funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk i...
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Add to cartFinance exam Champions Questions & Answeorigination - ANSWERSprocess of creating a new mortgage loan funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk i...
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