Unit 12: Residential Mortgages Flashcards

1
Q

Promissory Note or Simple Note

A

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2
Q

Hypothecation

A

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3
Q

Lien Theory

A

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4
Q

Acceleration Clause

A

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5
Q

Calculate Loan-to-Value Ratio (LTV)

A

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6
Q

Calculate buyer’s cash to close using LTV

A

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7
Q

Calculate Lenders approximate yield

A

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8
Q

Assignment of Mortgage

A

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