Real estate calculation #4 Flashcards
1
Q
The loan to value ratio (LTV)
A
is the percentage of a property value the bank loaned/ will loan on
2
Q
amortized loan
A
are those that are paid off over time. A loan repaid in periodic (most commonly monthly) payments of principal and interest.
3
Q
PITI
A
principal, interest, taxes, and insurance
4
Q
fully amortized loan
A
A loan of equal, regular payments causes the principal and interest to be completely paid by the due date.
5
Q
there are ….. square feet per acre
A
43,560
6
Q
there are …. feet in a mile
A
5,280
7
Q
negative amortization
A
A condition is created when a loan payment is less than interest alone. Even though payments are made on time, the amount owing increases.
