Podcast
Questions and Answers
A position above the ground that is described by the reference to an established plane of elevation. ______
A position above the ground that is described by the reference to an established plane of elevation. ______
datum
One square mile of land, containing 640 acres. There are 36 sections in a township. ______ property: 'that which is movable.'
One square mile of land, containing 640 acres. There are 36 sections in a township. ______ property: 'that which is movable.'
personal
Removing a fixture from real property so that it becomes personal property. ______
Removing a fixture from real property so that it becomes personal property. ______
severance
A crop, such as wheat, produced annually through the labor of the cultivator. ______
A crop, such as wheat, produced annually through the labor of the cultivator. ______
In a metes and bounds description, the length of a boundary, measured in any convenient unit of length. ______
In a metes and bounds description, the length of a boundary, measured in any convenient unit of length. ______
A solid inorganic substance of natural occurrence (i.e. coal, copper, gemstones, or gold). ______
A solid inorganic substance of natural occurrence (i.e. coal, copper, gemstones, or gold). ______
This refers to standing water - a pond or a lake. ______
This refers to standing water - a pond or a lake. ______
In the government survey system, a strip of land six miles wide, running north and south. ______
In the government survey system, a strip of land six miles wide, running north and south. ______
What is the acronym for the fixture tests? ______
What is the acronym for the fixture tests? ______
____ property: 'that which is movable.'
____ property: 'that which is movable.'
In the government survey system, a strip of land six miles wide, running north and south. ______
In the government survey system, a strip of land six miles wide, running north and south. ______
A unit of land area equal to 4,840 square yards (0.405 hectare). ______
A unit of land area equal to 4,840 square yards (0.405 hectare). ______
____ fixtures. Personal property attached to real estate by a tenant for use in a trade or a business.
____ fixtures. Personal property attached to real estate by a tenant for use in a trade or a business.
In a metes and bounds description, a direction, stated in terms of a compass bearing. ______
In a metes and bounds description, a direction, stated in terms of a compass bearing. ______
____ property: 'that which is immovable.'
____ property: 'that which is immovable.'
A solid inorganic substance of natural occurrence (i.e. coal, copper, gemstones, or gold). ______
A solid inorganic substance of natural occurrence (i.e. coal, copper, gemstones, or gold). ______
What does the term 'Combined Loan-To-Value Ratio' refer to?
What does the term 'Combined Loan-To-Value Ratio' refer to?
Which loans do NOT follow FNMA or FHLMC guidelines?
Which loans do NOT follow FNMA or FHLMC guidelines?
What is a critical document that lenders review to understand a borrower's credit management?
What is a critical document that lenders review to understand a borrower's credit management?
What does FHA stand for?
What does FHA stand for?
What is the term for the ratio that compares a borrower's total monthly debts to their gross monthly income?
What is the term for the ratio that compares a borrower's total monthly debts to their gross monthly income?
Which of the following is a factor in assessing a borrower's creditworthiness?
Which of the following is a factor in assessing a borrower's creditworthiness?
What does PMI stand for?
What does PMI stand for?
What does the term 'non-traditional credit sources' refer to?
What does the term 'non-traditional credit sources' refer to?
What is a common factor that a credit report primarily helps lenders evaluate?
What is a common factor that a credit report primarily helps lenders evaluate?
Which ratio compares total monthly housing expenses to gross monthly income?
Which ratio compares total monthly housing expenses to gross monthly income?
Which of the following is NOT considered one of the five C's of credit?
Which of the following is NOT considered one of the five C's of credit?
What is the maximum back-end ratio generally preferred by FNMA for 1st Mortgages?
What is the maximum back-end ratio generally preferred by FNMA for 1st Mortgages?
What does LTV stand for in the context of mortgages and loans?
What does LTV stand for in the context of mortgages and loans?
Which type of loan does not require mortgage insurance because it is guaranteed?
Which type of loan does not require mortgage insurance because it is guaranteed?
What is considered a good practice for assessing a borrower's ability to repay a loan?
What is considered a good practice for assessing a borrower's ability to repay a loan?
What is a common factor that a credit report primarily helps lenders evaluate?
What is a common factor that a credit report primarily helps lenders evaluate?
What does CLTV stand for?
What does CLTV stand for?
What is the term for the ratio that compares a borrower's total monthly debts to their gross monthly income?
What is the term for the ratio that compares a borrower's total monthly debts to their gross monthly income?
Which of the following is a factor in assessing a borrower's creditworthiness?
Which of the following is a factor in assessing a borrower's creditworthiness?
What does PMI stand for?
What does PMI stand for?
What document do lenders review to understand a borrower's credit management?
What document do lenders review to understand a borrower's credit management?
Which of the following is NOT a factor in assessing a borrower's creditworthiness?
Which of the following is NOT a factor in assessing a borrower's creditworthiness?
What does PMI stand for in the context of mortgages?
What does PMI stand for in the context of mortgages?
What is the term for the ratio comparing a borrower's total monthly debts to their gross monthly income?
What is the term for the ratio comparing a borrower's total monthly debts to their gross monthly income?
What does the term 'non-traditional credit sources' refer to?
What does the term 'non-traditional credit sources' refer to?
Which type of loans do NOT adhere to FNMA or FHLMC guidelines?
Which type of loans do NOT adhere to FNMA or FHLMC guidelines?
What does FHA stand for in the context of mortgages?
What does FHA stand for in the context of mortgages?
Flashcards are hidden until you start studying