Ch 1 nature in cycle of real estate finance

Question 1

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

Answer 1

Origination

Question 2

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

Answer 2

Underwriting

Question 3

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

Answer 3

Closing

Question 4

The primary determinants of real estate values are

Answer 4

Supply and demand

Question 5

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

Answer 5

 Collateral