Bradenton Real Estate, Bradenton Real Estate Agents, Real Estate Marketing Plan
Real Estate QUIZMASTER
-
Upload
cooper-beard -
Category
Documents
-
view
21 -
download
0
description
Transcript of Real Estate QUIZMASTER
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Definitions Analytical Numerical MiscellaneousAcronyms
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Definitions Analytical Numerical MiscellaneousAcronyms
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 100
The ratio that expresses the percentage of the value of a property that is borrowed
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 200
The slow process of reducing the loan principal amount through a series of payments over the term of the loan
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 300
The lender’s process of evaluating the borrower and the property offered as security for the mortgage to determine the transaction’s level of default and foreclosure risk
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
DAILY DOUBLE
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Daily Double Definitions for 400
The act of making blanket designations of geographic areas that are considered to be unacceptable loan risks
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 500
This calculation expresses all of the financial terms of the mortgage loan quote as a single annualized rate that can be used for valid comparison purposes
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 100
The borrower may buy down the ___________ by paying more points to the lender
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 200
Loan payments are comprised of ____ and the principal repaid
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Points are prepaid _______
Analytical for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
The shorter the period the loan is held, the ____ the impact of points and out of pocket costs on a borrower’s effective borrowing costs
Analytical for 400
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 500
ARMs ______ the risk for borrowers and ______ the risk for lenders
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
A P R
Acronyms for 100
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 200
F H A
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
V A
Acronyms for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 400
P M I
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
R E S P A
Acronyms for 500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 100
FRMs which tend to use terms from 15 to ____ years are self-liquidating
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 200
F H A loans may be up to ____% in value
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 300
V A loans may be up to ____% in value
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 400Thee maximum point charges on a 8% loan to achieve a yield of 9%, assuming a $1,000,000 loan and a 25 year amortization period
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 500
Acceptable LTV ratios for conventional loans are typically up to ____% for private insured mortgages
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 100
The _____ the LTV ratio of a mortgage, the greater the risk of a loss in foreclosure
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 200
A key advantage of US home ownership is that _____ on the mortgage loan is fully tax deductible
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 300
A negative ______ situation results when the value of the property is less than the amount of money owed on it
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 400The ___________ calculation tells lenders what return they can expect to earn on a mortgage loan when amortization term, points, contract rate and probable repayment terms are all considered
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 500
_____ is the mapping of data on to geographic space allowing the user to analyze data with a variety of techniques