Principal repayment Study guides, Study notes & Summaries
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BNU1501 Assessment 4 Semester 2 2023-Due Date: 15 September 2023 .
- Exam (elaborations) • 21 pages • 2023
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BNU1501 Assessment 4 
Semester 2 2023-Due 
Date: 15 September 2023 . 100% CORRECT questions, answers, workings and explanations.Question 1 
If a vertical and horizontal number line intersect perpendicularly, they form right angles (of 
90%) with each other and a co-ordinate system of axes is formed, the horizontal line is called: 
[1] Quadrants 
[2] y-axis 
[3] Co-ordinates 
[4] x-axis 
Question 2 
The point at which the two axes intersect (cross each other) is called: 
[1] Centre 
[2] Vertex 
[...
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CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
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Loan-to-Value Ratio (LTV) - correct answer The 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, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers more than one piece of property. 
 
Wraparound Mortgage - c...
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REE 4202- Exam 2 Sirmans Qs&As
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REE 4202- Exam 2 Sirmans Qs&As 
Borrower Qualifications include: - ANS-1. determining maximum loan amount 
2. estimating settlement requirements and costs 
3. analyzing credit history 
4. calculating effective income 
5. estimating monthly housing expense 
6. assessing ability to repay mortgages and other liabilities in a timely fashion 
Credit Scoring - ANS--used to assess the creditworthiness of a borrower 
-best known company FICO (Fair Isaac and Company) 
-cutoff score for Frannie and Fr...
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Texas Principles of Real Estate - Real Estate U
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Abstract of Title - Answer- A condensed history or summary of all transactions affecting a particular tract of land. 
 
Acceleration clause - Answer- A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of a note. 
 
Accession - Answer- An addition to property through the efforts of man or by natural forces. 
 
Accre...
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Champions Real Estate Finance graded A+ already passed 2023
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Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The 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, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers ...
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Champions Real Estate Finance Final Exam With Correct Answers 2024
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Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The 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, whichever is lower. 
Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( 
fixtures and furnishings) 
Blanket Mortgage -CORRECT ANSWER...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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WGU C428 Financial Resource Management in Healthcare Questions and Answers Already Graded A
- Exam (elaborations) • 12 pages • 2023
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WGU C428 Financial Resource Management in Healthcare Questions and Answers Already Graded A Finance within a healthcare organization can be condensed into the "four Cs": Costs Cash Capital Control 
The finance department manager who handles capital acquisition, investment management, and risk management activities Treasurer 
The finance department manager who handles accounting, budgeting, and reporting activities. Comptroller 
The head of the finance department holds the title of chief financ...
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FINC 3310 Leavell All Actual Exams 1, 2, 3, & 4 Final Exam Preparation 2023 with 100% correct answers
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Larry can borrow $1,000 from Mary. She wants him to pay her $1,290 in 3 years. About what would the YTM be for the loan? 
8.86% 
 
 
 
The _____ interest rate more accurately reflects the total cost of borrowing. 
real 
 
 
 
Bonds with relatively low risk of default are called _____ 
investment grade bonds. 
 
 
 
______ are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and non financial firms. 
Financial crisi...
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HECM Practice Exam 2023 Questions and Answers
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The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWER-b 
 
If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cost of repairs. 
c. 100% of the estimated cost of...
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