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Nicole T
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Decks in this class (20)
Chapter 1 - Market Overview
What are the main differences bet...,
What are the typical activities o...,
List and define the key participa...
11
cards
Chapter 2 - Basic Mortgage Concepts
Discuss the difference between a ...,
There are two mortgages registere...,
Jonathan owns a house valued at 2...
6
cards
Chapter 3 - Mortgage Repayment Plans and Options
What mortgage option allows a bor...,
Explain the difference between ac...,
What is a closed mortgage
10
cards
Chapter 4 - Property Ownership in Ontario
Describe the differences between ...,
What does a homeowner actually ow...,
Describe the term fee simple and ...
18
cards
Chapter 5 - Regulation and Legislation (True and False)
As of january 2009 a brokerage mu...,
Borrowers are entitled to the fol...,
It is a good idea for a brokerage...
15
cards
Chapter 5 - Regulation and Legislation (Short Answer)
What are the educational requirem...,
Name 3 characteristics of a mortg...,
Describe the main duty and respon...
18
cards
Chapter 6 - Transaction Overview
Explain the 3 expectations that l...,
Discuss the 4 expectations that b...,
Name 4 kyc factors
6
cards
Chapter 7 - Insurance in the Mortgage Industry
How has mortgage default insuranc...,
Name the 3 mtg insurance companies,
How can a borrower currently in d...
20
cards
Chapter 9: Marketing - The Impact of Legislation and Regulations
What is a bait and switch,
What does the canadian code of ad...,
What 4 things are required on all...
3
cards
Chapter 11 - The Initial Consultation
Describe the documentation that m...,
What documentation is typically r...,
What documentation is typically r...
8
cards
Chapter 12 - Application Analysis – Borrower Documents
Why would a mtg agent need a t4,
Why would a mtg agent need a t4a,
Why would a mtg agent need a job ...
14
cards
Chapter 13 - Application Analysis – Application Ratios
What does gds mean what is the in...,
What does tds mean what is the in...,
How do you calculate gds
10
cards
Chapter 14 - Application Analysis – Borrower Credit
What can an individual do to incr...,
If an individual has a judgment f...,
Can a mortgage agent provide a co...
17
cards
Chapter 15 - Application Analysis – The Property
List the different purposes for w...,
What organizations award designat...,
How does market value differ from...
9
cards
Chapter 16 - Choosing a Lender
What factors can cause a borrower...,
What information is typically fou...,
What information is typically fou...
13
cards
Chapter 17 - Submitting the Application and Obtaining a Commitment
True or false if the lender is an...,
What 8 things must be disclosed t...,
True or false a brokerage can sel...
6
cards
Chapter 20 - Contract Law
What condition precedent is most ...,
Under the doctrine of privity of ...,
Discuss the differences between d...
22
cards
Chapter 22 - Mortgage Fraud
What is an air loan,
What is foreclosure fraud,
Define fraud for profit
9
cards
Chapter 14 - Credit Bureau Abbreviations
H c,
Trms,
Bal
5
cards
Chapter 18 - Borrower Disclosure
According to the mblaa what discl...,
When must disclosure must be made,
True or false the apr is displaye...
10
cards
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REMIC
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