Ch 1 nature in cycle of real estate finance Flashcards

1
Q

Getting a new mortgage loan, including all the steps, a lender takes to attract and qualify about Borrower

A

Origination

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2
Q

Detail process of evaluating a borrowers loan application to determine the risk involved, for the lender is defined as

A

Underwriting

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3
Q

What is the consummation of a contractual real estate transaction in which all appropriate documents are signed in the mortgage loan proceeds are dispersed by the lender

A

Closing

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4
Q

The primary determinants of real estate values are

A

Supply and demand

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5
Q

What is something of value that can be played as security for repayment of a loan?

A

 Collateral

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