Unit 12: Residential Mortgages Flashcards Preview

Florida Real Estate Class Exam for Sales Associates Pre-Lic 2021 > Unit 12: Residential Mortgages > Flashcards

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