Unit 12: Residential Mortgages Flashcards by Midge Simpson

Q

Promissory Note or Simple Note

A

complete

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Q

Hypothecation

A

complete

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Q

Lien Theory

A

complete

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Q

Acceleration Clause

A

complete

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Q

Calculate Loan-to-Value Ratio (LTV)

A

complete

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Q

Calculate buyer’s cash to close using LTV

A

complete

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Q

Calculate Lenders approximate yield

A

complete

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Q

Assignment of Mortgage

A

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