Package mortgage Study guides, Class notes & Summaries
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Champions School of Real Estate - Real Estate Finance Latest Update Rated A+
- Exam (elaborations) • 16 pages • 2024
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Champions School of Real Estate - Real 
Estate Finance Latest Update Rated A+ 
 
A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- 
Conforming Loan 
 
VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing 
loans) 
 
Seller's equity Cash price minus the loan balance 
 
A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific 
lots by making required lump sum payments. Release Clause 
...
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions
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Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions Champions Real Estate Finance Exam Questions and Answers With Complete Solutions 
Loan-to-Value Ratio (LTV) - 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 app...
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NSA Notary Signing Agent (all correctly solved)
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A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: correct answers Must still obtain and pass a background screening 
 
A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the Notary Signing Agent may now: correct answers Present and state the general purpose of each d...
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FL Real Estate Practice Exam 2 2023 with 100% correct answers
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c - correct answer -Which remedies are available when a seller breaches a contract? 
 
a. A suit for specific performance 
b. Buyer gets deposit returned 
c. A or b but not both 
d. Notifying FREC 
 
b - correct answer -What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? 
 
a. Equity of estoppel 
b. Right of redemption 
c. Right of defeasance 
d. Equity of disposition 
 
d - correct answer -Which type of mortgage is...
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Texas Property and Casualty Exam Questions and Answers Verified 100%
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Texas Property and Casualty Exam Questions and Answers Verified 100% 
 
____ is uncertainty of loss - risk 
 
____ is a transfer of risk from the insured to the insurer - insurance 
 
____ risk means there is no chance of gain. It is insurable. - pure 
 
____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative 
 
a ____ is something that increases the risk. - hazard 
 
the principle of _____ governs property and casualty policies. It states that the purpose of th...
Too much month left at the end of the money?
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Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+)
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Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+) 
Champions Real Estate Finance Exam 2024 || Questions & Answers (Graded A+) 
 
Loan-to-Value Ratio (LTV) - 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 - ANSWER - Includes both real and persona...
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NM Real Estate Practice Exam Questions with Verified Solutions
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NM Real Estate Practice Exam 
Questions with Verified Solutions 
 
Feet in an acre 43,560 ft 
 
Feet in a Mile 5,280 ft 
 
A Plat An unofficial map or plan of a parcel of land that's been or will be subdivided to show 
the boundaries of each created lot 
 
Metes and Bounds Description using compass headings and directions 
 
Lot and Block Land description which provides plat reference 
 
Oversees Fannie Mae and Freddie Mac and regulates the Federal Home Loan Bank Federal 
Housing Finance Agency...
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Florida Real Estate Practice Exam 2 2023 with 100% correct answers
- Exam (elaborations) • 16 pages • 2023
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Which remedies are available when a 
seller breaches a contract? 
a. A suit for specific performance 
b. Buyer gets deposit returned 
c. A or b but not both 
d. Notifying FREC - correct answer -c. A or b but not both 
 
What term refers to the right of a 
mortgagor to stop a foreclosure process 
by paying the entire balance, interest and 
so on? 
a. Equity of estoppel 
b. Right of redemption 
c. Right of defeasance 
d. Equity of disposition - correct answer -b. Right of redemption 
 
Which type ...
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LEVERAGE BUYOUT (WALL STREET PREP) QUESTIONS AND CORRECT VERIFIED NSWERS 2023/2024 GRADED A+.
- Exam (elaborations) • 45 pages • 2023
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LEVERAGE BUYOUT (WALL 
STREET PREP) QUESTIONS AND 
CORRECT VERIFIED NSWERS 
2023/2024 GRADED A+. 
2 / 22 
1. What is a leveraged buyout (LBO)?: In a leveraged buyout, a private equity firm(often called the 
financial sponsor) acquires a company with most of the purchase price being funded through the use of 
various debt instrumentssuch asloans, bonds.The financial sponsor will secure the financing package 
ahead of the closing of thetransaction and then contribute the remaining amount. 
Once th...
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Champions real estate finance with Correct Solutions Latest
- Exam (elaborations) • 35 pages • 2024
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Champions real estate finance with Correct 
Solutions Latest 
Loan-to-Value Ratio (LTV) - 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 - Answer -Includes both real and personal property ( fixtures and furnishings) 
Blanket Mortgage - Answer -Covers more than one piece of...
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