Flashcards in Unit 12: Residential Mortgages Deck (8)
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1
Q
Promissory Note or Simple Note
A
complete
2
Q
Hypothecation
A
complete
3
Q
Lien Theory
A
complete
4
Q
Acceleration Clause
A
complete
5
Q
Calculate Loan-to-Value Ratio (LTV)
A
complete
6
Q
Calculate buyer’s cash to close using LTV
A
complete
7
Q
Calculate Lenders approximate yield
A
complete
8
Q
Assignment of Mortgage
A
complete
