تكلم مع الذكاء الاصطناعي
Deck 10: Lending Practices
ملء الشاشة (f)
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ملء الشاشة (f)
Deck 10: Lending Practices
1
A loan progress chart is used in connection with
A) partially amortized loans.
B) term loans.
C) index loans.
D) straight loans.
A) partially amortized loans.
B) term loans.
C) index loans.
D) straight loans.
A
A loan progress chart is used in connection with partially amortized loans.
A loan progress chart is used in connection with partially amortized loans.
2
A purchaser took out a $50,000 new discount mortgage when he bought his home. The lender charged 2 discount points. On which amount will the mortgagor be paying interest the first month?
A) $49,000
B) $50,000
C) $51,000
D) $56,000
A) $49,000
B) $50,000
C) $51,000
D) $56,000
B
The discount points (.02 × 50,000 = 1,000)will be paid in cash at closing and the borrower will pay interest on the loan amount of $50,000.
The discount points (.02 × 50,000 = 1,000)will be paid in cash at closing and the borrower will pay interest on the loan amount of $50,000.
3
A final loan payment that is larger than previous payments is called a
A) balloon payment.
B) budget payment.
C) terminal payment.
D) graduated payment.
A) balloon payment.
B) budget payment.
C) terminal payment.
D) graduated payment.
A
A final loan payment that is larger than previous payments is called a balloon payment.
A final loan payment that is larger than previous payments is called a balloon payment.
4
The homeowner has made regular mortgage payments over ten years and the housing values in the neighborhood have steadily risen. The equity has
A) stayed the same.
B) steadily declined.
C) steadily increased.
D) fluctuated and now is less than it was when the house was purchased.
A) stayed the same.
B) steadily declined.
C) steadily increased.
D) fluctuated and now is less than it was when the house was purchased.
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5
If a borrower paid $3,550 in points on a loan of $95,000 how many points were charged?
A) .003 points
B) .3 points
C) 3 points
D) 3.7 points
A) .003 points
B) .3 points
C) 3 points
D) 3.7 points
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6
The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as
A) discount points.
B) origination fees.
C) mortgage insurance premium.
D) private mortgage insurance.
A) discount points.
B) origination fees.
C) mortgage insurance premium.
D) private mortgage insurance.
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7
A house sells for $102,000 and is appraised at $100,000 by a lender who is willing to make a 75% loan-to-value loan. How much down payment will this house require?
A) $25,500
B) $27,000
C) $75,000
D) $76,500
A) $25,500
B) $27,000
C) $75,000
D) $76,500
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8
A mortgage lender will lend based on a proportion of the appraisal or sale price, whichever is less. This is called the
A) loan-to-value ratio.
B) owner's equity.
C) percent return.
D) CRV.
A) loan-to-value ratio.
B) owner's equity.
C) percent return.
D) CRV.
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9
Discount points are more likely to be used during periods of
A) tight money.
B) available money.
C) cash sales.
D) seller financed sales.
A) tight money.
B) available money.
C) cash sales.
D) seller financed sales.
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10
The value of the property above the total liens or mortgages is called
A) the equity.
B) due on sale.
C) the assessment.
D) the loan-to-value ratio.
A) the equity.
B) due on sale.
C) the assessment.
D) the loan-to-value ratio.
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11
Who normally pays the discount points when a conventional loan is taken out to purchase a residence?
A) Broker
B) Seller
C) Lender
D) Buyer
A) Broker
B) Seller
C) Lender
D) Buyer
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12
The buyer agrees to pay $90,000 for a home, contingent upon obtaining an 80% loan. The lender charges $3,600 for points. How many points were charged?
A) 2 points
B) 4 points
C) 5 points
D) 6 points
A) 2 points
B) 4 points
C) 5 points
D) 6 points
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13
As payments are made, the amount of interest taken from a mortgage loan payment decreases and the amount applied to the principal increases. This is because of
A) appreciation.
B) variable interest rate.
C) amortization.
D) depreciation.
A) appreciation.
B) variable interest rate.
C) amortization.
D) depreciation.
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14
Using the rule of thumb used by lenders (each point charged raises the yield by 1/8 of 1%), 4 discount points raise the effective yield of a typical home loan by
A) 1/32 of 1%.
B) 2/8 of 1%.
C) 1/4of 1%.
D) 1/2 of 1%.
A) 1/32 of 1%.
B) 2/8 of 1%.
C) 1/4of 1%.
D) 1/2 of 1%.
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15
The type of loan whereby the borrower makes interest only payments during the life of the loan with the entire principal due for the final payment is called
A) a discounted loan.
B) an amortized loan.
C) a term loan.
D) a partially amortized loan.
A) a discounted loan.
B) an amortized loan.
C) a term loan.
D) a partially amortized loan.
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16
A home buyer wants to borrow $100,000. The lender quotes a loan origination fee of one point and a loan discount of one point. What size loan must be obtained to pay the two points and still leave $100,000?
A) $96,000
B) $98,039
C) $102,000
D) $102,041
A) $96,000
B) $98,039
C) $102,000
D) $102,041
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17
A borrower signs a loan agreement for $50,000. Out of this, the lender charges a $500.00 loan origination fee and two discount points. How much cash does the borrower get?
A) $46,600
B) $47,000
C) $48,500
D) $49,000
A) $46,600
B) $47,000
C) $48,500
D) $49,000
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18
What is the annual interest on $50,000 calculated at a rate of 8.125% per annum?
A) $331.00
B) $406.25
C) $3,310.00
D) $4,062.50
A) $331.00
B) $406.25
C) $3,310.00
D) $4,062.50
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19
Money for tax and insurance payments that accompanies principal and interest could be placed in any of the following accounts EXCEPT
A) a trust account.
B) an escrow account.
C) a remaining balance account.
D) a reserve account.
A) a trust account.
B) an escrow account.
C) a remaining balance account.
D) a reserve account.
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20
If a monthly principal and interest payment for a 30-year, 12% loan of $1,000 would be $10.29 what would the monthly payment be for a home purchased at $75,500 with an 80% loan on those terms?
A) $10.29
B) $621.52
C) $755.90
D) $776.90
A) $10.29
B) $621.52
C) $755.90
D) $776.90
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21
A mortgage lender will lend based on a proportion of the appraisal or sale price, whichever is less. This is called the loan-to-value ratio.
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22
The role of the FHA in residential mortgage lending is loaning the money.
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23
In the event of default and subsequent foreclosure, which borrower is responsible for making good any losses suffered?
A) FHA
B) VA
C) HUD
D) 90% conventional
A) FHA
B) VA
C) HUD
D) 90% conventional
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24
Loan points increase the yield to the lender.
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25
Interest paid on a real estate mortgage loan is normally paid annually and in advance.
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26
In order to ensure that the mortgagor has enough money to pay yearly property taxes and hazard insurance, the lender may insist on a budget mortgage.
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27
Under section 203(b), the FHA
A) insures lenders against loan default.
B) lends to the secondary market.
C) guarantees loans.
D) makes loans directly.
A) insures lenders against loan default.
B) lends to the secondary market.
C) guarantees loans.
D) makes loans directly.
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28
The buyer normally pays the discount points when a conventional loan is taken out to purchase a residence.
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29
A mortgage, which is repaid in regularly scheduled equal installments, is called a balloon mortgage.
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30
On a $64,000 home, which of the following would require the largest cash down payment?
A) FHA-insured loan
B) 80% loan-to-value conventional loan
C) 90% loan-to-value conventional
D) 100% DVA loan
A) FHA-insured loan
B) 80% loan-to-value conventional loan
C) 90% loan-to-value conventional
D) 100% DVA loan
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31
Under section 203(b), the FHA lends to the secondary market.
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32
A single woman applied for a FHA loan to buy a property she intends to use as a rental. Which if anything might cause her application to be denied?
A) There is no basis for denial for the application
B) She is single
C) She is a woman
D) She plans to use the property as a rental
A) There is no basis for denial for the application
B) She is single
C) She is a woman
D) She plans to use the property as a rental
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33
A borrower can expect to pay a mortgage insurance premium for
A) an FHA insured loan.
B) an 80% conventional loan.
C) a graduated payment loan.
D) an accelerated payment loan.
A) an FHA insured loan.
B) an 80% conventional loan.
C) a graduated payment loan.
D) an accelerated payment loan.
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34
Which government loan program will make direct loans if a qualified borrower cannot find a lender?
A) FHA
B) VA
C) CRV
D) HUD
A) FHA
B) VA
C) CRV
D) HUD
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35
Who must pay the discount points on a FHA loan?
A) Anyone who agrees to
B) Seller
C) Buyer
D) There are no points on a FHA loan
A) Anyone who agrees to
B) Seller
C) Buyer
D) There are no points on a FHA loan
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36
Usually, the borrower of a FHA loan is also responsible for the
A) mortgage insurance premium.
B) funding fees.
C) private mortgage insurance.
D) estoppel certificate.
A) mortgage insurance premium.
B) funding fees.
C) private mortgage insurance.
D) estoppel certificate.
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37
Money for tax and insurance payments that accompanies principal and interest could be placed in an escrow account or trust account.
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38
The homeowner has made regular mortgage payments over ten years and the housing values in the neighborhood have steadily risen. The equity has steadily increased.
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39
The role of the FHA in residential mortgage lending is
A) guaranteeing the loan.
B) insuring the loan.
C) loaning the money.
D) as a secondary lender.
A) guaranteeing the loan.
B) insuring the loan.
C) loaning the money.
D) as a secondary lender.
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40
For a veteran to obtain a VA loan, it is necessary to have a
A) certificate of optimal value.
B) certificate of eligibility.
C) history of property ownership.
D) certificate of deferment.
A) certificate of optimal value.
B) certificate of eligibility.
C) history of property ownership.
D) certificate of deferment.
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41
Like FHA insurance, the object of private mortgage insurance (PMI)is to insure lenders against ____________________ losses.
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42
The difference between the market value of a property and the debt owed against it is called the owner's ____________________.
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43
A loan that requires only interest payments until the last day of its life, at which time the full amount borrowed is due, is called a(n)____________________ loan.
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44
To determine benefits, a veteran should make application to the Department of Veteran Affairs for a certificate of ____________________.
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45
A conventional mortgage is neither insured nor guaranteed by the government.
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46
A certificate of reasonable value is issued by a VA staff appraiser.
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47
Using the rule of thumb, which states that each discount point raises the yield by 1/8 of 1%, two discount points raise the effective yield of a typical home loan by1/4 of 1%.
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48
A mortgage in which the lender collects additional money to pay hazard insurance and property taxes on the mortgaged property is called a(n)____________________ mortgage.
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49
Loan discount points shorten the repayment time of the loan.
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50
Usually, the borrower of a FHA loan is also responsible for the mortgage insurance premium.
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51
A certificate of reasonable value is issued by a HUD appraiser.
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52
After December 1, 1986, the FHA would no longer allow a ____________________ assumption of an FHA insured loan.
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53
Since the VA is guaranteeing the loan, a VA loan typically requires a large down payment.
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54
A home sells for $150,000 but is appraised by a lender for $145,000. The lender will typically apply the loan-to-value ratio to the larger of the two numbers.
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55
A single woman applied for an FHA loan to buy a property she intends to use as a rental. Her application will probably be denied.
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56
The word point means 1% of the _________________________.
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57
In addition to the up-front mortgage insurance premium the FHA now charges a(n)____________________ premium of 1/2 of 1% of the loan balance.
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58
The relationship between the amount of money a lender is willing to loan and192 the lender's estimate of _________________________ of the property that will serve as security is called the loan-to-value ratio.
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59
In the event of default and subsequent foreclosure, a VA borrower is responsible for making good any losses suffered.
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60
A(n)____________________ loan is any loan that has a final payment that is larger than any of the previous payments on the loan.
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
61
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a percentage reflecting what a lender will lend divided by the sale price or market value of the property, whichever is less
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a percentage reflecting what a lender will lend divided by the sale price or market value of the property, whichever is less
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
62
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
balance owing on a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
balance owing on a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
63
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the end of the life of a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the end of the life of a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
64
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the market value of a property less the debt against it
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the market value of a property less the debt against it
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
65
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
real estate loans that are not insured by FHA or guaranteed by the VA
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
real estate loans that are not insured by FHA or guaranteed by the VA
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
66
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a one-time charge by the FHA for insuring a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a one-time charge by the FHA for insuring a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
67
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
refers to a monthly loan payment that includes principal, interest, property taxes, and property insurance
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
refers to a monthly loan payment that includes principal, interest, property taxes, and property insurance
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
68
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan requiring periodic payments that include both interest and principal
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan requiring periodic payments that include both interest and principal
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
69
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan with a series of amortized payments followed by a balloon payment at maturity
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan with a series of amortized payments followed by a balloon payment at maturity
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
70
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a mortgage wherein the borrower pays principal, interest, taxes and insurance in the same payment
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a mortgage wherein the borrower pays principal, interest, taxes and insurance in the same payment
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
71
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
Federal Housing Administration
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
Federal Housing Administration
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
72
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
an escrow or reserve account into which the lender places the borrower's monthly tax and insurance payments
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
an escrow or reserve account into which the lender places the borrower's monthly tax and insurance payments
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
73
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a payment that is larger than any of the previous payments
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a payment that is larger than any of the previous payments
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
74
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a table showing the monthly payments required to completely pay off a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a table showing the monthly payments required to completely pay off a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
75
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
one hundredth of the total amount;1% of a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
one hundredth of the total amount;1% of a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
76
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the expenses a lender incurs in processing a mortgage loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
the expenses a lender incurs in processing a mortgage loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
77
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a private mortgage insurance source to insure lenders against foreclosure loss
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a private mortgage insurance source to insure lenders against foreclosure loss
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
78
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
shows the principal still owing during the life of a loan
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
shows the principal still owing during the life of a loan
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
79
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a charge by a lender that will allow them to sell the loan in the secondary market at a discount
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a charge by a lender that will allow them to sell the loan in the secondary market at a discount
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
80
Choose the most appropriate answer for each.
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan that requires the borrower to pay interest only until maturity, at which time the full amount of the loan must be repaid
a.Amortized loan
k.Loan origination fee
b.Amortization tables
l.Loan-to-value ratio
c.Balloon loan
m.Maturity
d.Budget mortgage
n.Partially amortized loan
e.Conventional loan
o.PITI payment
f.Discount point
p.PMI
g.Equity
q.Point
h.FHA
r.Principal
i.Impound account
s.Term loan
j.Loan balance table
t.UFMIP
a loan that requires the borrower to pay interest only until maturity, at which time the full amount of the loan must be repaid
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
فتح الحزمة
k this deck
فتح الحزمة
افتح القفل للوصول البطاقات البالغ عددها 80 في هذه المجموعة.
