Unit 14: Real Estate Financing Flashcards
1
Q
acceleration clause
A
2
Q
adjustable-rate mortgage (ARM)
A
3
Q
alienation clause
A
4
Q
amortized loan
A
5
Q
assumption of mortgage
A
6
Q
balloon payment
A
7
Q
beneficiary
A
8
Q
Comprehensive Loss Underwriting Exchange (CLUE)
A
9
Q
debt to income (DTI)
A
10
Q
deed in lieu of foreclosure
A
11
Q
deed of reconveyance
A
12
Q
deed of trust
A
13
Q
defeasance clause
A
14
Q
deficiency judgement
A
15
Q
discount points
A
16
Q
equity
A
17
Q
foreclosure
A
18
Q
growing-equity mortgage
A
19
Q
homeowners insurance
A
20
Q
hypothecation
A
21
Q
index
A
22
Q
interest
A
23
Q
interest-only loan
A
24
Q
lien theory
A
25
Q
loan origination fee
A
26
Q
loan-to-value ratio LTV
A
27
Q
margin
A
28
Q
mortgage
A
29
Q
mortgagee
A
30
Q
mortgagor
A
31
Q
negative amortization
A
32
Q
negotiable instrument
A
33
Q
note
A
34
Q
novation
A
35
Q
PITI (principal, interest, taxes, and insurance)
A
36
Q
prepayment penalty
A
37
Q
promissory note
A
38
Q
release deed
A
39
Q
reverse mortgage
A
40
Q
satisfaction of mortgage
A
41
Q
short sale
A
42
Q
straight loan
A
43
Q
“subject to”
A
44
Q
title theory
A
45
Q
trustor
A
46
Q
usury
A
