ACEABLE AGENT ADVANCED STUDY 2026
REVISION NOTES SOLUTION BANK
COLLECTION
◉ What is the loan-to-value ratio of a loan of $144,000 on a property
sold for $180,000? Answer: 80% $144,000 divided by $180,000
equals 80%.
◉ Ace Bank makes a loan at 2.31% interest plus 4 points. What will
their yield be on this loan? Answer: 2.81% 0.125%. x 4 = 0.5%
2.31% + 0.5% = 2.81%
◉ Hydra purchases a house for $300,000. A year later, she sells her
house for $250,000.
What is Hydra's percentage loss? Answer: 17% $300,000 - $250,000
= $50,000 $50,000 ÷ $300,000 = 17%
◉ Jasper owns a home that is worth $289,000. He has a mortgage
balance of $53,000. Calculate his equity in the property. Answer:
$236,000 $289,000 - $53,000 = $236,000
◉ A town has a total assessed value of $60,000,000 and total
exemptions of $9,000,000. If the town's budget is $225,000, what is
, its tax rate? Answer: 4.4 mills 60,000,000 - $9,000,000 =
$51,000,000 225,000 ÷ $51,000,000 = 4.4 mills
◉ Nadeem took out a $300,000, 30-year amortized mortgage with
an interest rate of 7.3%. His monthly payment is $2,056. If he pays
the exact monthly payment every month, how much money in
interest will he end up paying after 30 years? Answer: $2,056 x 360
=$740,160-300,000=$440,160
◉ Bruce took out an amortized loan of $300,000 with a 5.2%
interest rate. His monthly payment is $1,647.33. How much will he
pay in interest on his first monthly payment? Answer: 1,300
$300,000 by 5.2%= $15,600 by 12= 1,300
◉ Leandro's bank requires at least a 75% LTV ratio to make a loan.
He is looking at a home that costs $280,000. What is the minimum
down payment he would need? Answer: $70,000 280,000 x 0.75 =
$210,000 $280,000 - $210,000 = $70,000
◉ What is the vacancy rate of an apartment complex that has 150
units, 3 of which are unoccupied? Answer: 2% 3 divided by 150=2%
◉ Omar's property measures 300' x 217'. Knowing this, how many
acres is the lot? Answer: 1.49 300 x 217 = 65,100 ÷ 43,560=1.49
REVISION NOTES SOLUTION BANK
COLLECTION
◉ What is the loan-to-value ratio of a loan of $144,000 on a property
sold for $180,000? Answer: 80% $144,000 divided by $180,000
equals 80%.
◉ Ace Bank makes a loan at 2.31% interest plus 4 points. What will
their yield be on this loan? Answer: 2.81% 0.125%. x 4 = 0.5%
2.31% + 0.5% = 2.81%
◉ Hydra purchases a house for $300,000. A year later, she sells her
house for $250,000.
What is Hydra's percentage loss? Answer: 17% $300,000 - $250,000
= $50,000 $50,000 ÷ $300,000 = 17%
◉ Jasper owns a home that is worth $289,000. He has a mortgage
balance of $53,000. Calculate his equity in the property. Answer:
$236,000 $289,000 - $53,000 = $236,000
◉ A town has a total assessed value of $60,000,000 and total
exemptions of $9,000,000. If the town's budget is $225,000, what is
, its tax rate? Answer: 4.4 mills 60,000,000 - $9,000,000 =
$51,000,000 225,000 ÷ $51,000,000 = 4.4 mills
◉ Nadeem took out a $300,000, 30-year amortized mortgage with
an interest rate of 7.3%. His monthly payment is $2,056. If he pays
the exact monthly payment every month, how much money in
interest will he end up paying after 30 years? Answer: $2,056 x 360
=$740,160-300,000=$440,160
◉ Bruce took out an amortized loan of $300,000 with a 5.2%
interest rate. His monthly payment is $1,647.33. How much will he
pay in interest on his first monthly payment? Answer: 1,300
$300,000 by 5.2%= $15,600 by 12= 1,300
◉ Leandro's bank requires at least a 75% LTV ratio to make a loan.
He is looking at a home that costs $280,000. What is the minimum
down payment he would need? Answer: $70,000 280,000 x 0.75 =
$210,000 $280,000 - $210,000 = $70,000
◉ What is the vacancy rate of an apartment complex that has 150
units, 3 of which are unoccupied? Answer: 2% 3 divided by 150=2%
◉ Omar's property measures 300' x 217'. Knowing this, how many
acres is the lot? Answer: 1.49 300 x 217 = 65,100 ÷ 43,560=1.49
