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. ______
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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. ______
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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). ______
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This refers to standing water - a pond or a lake. ______
This refers to standing water - a pond or a lake. ______
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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. ______
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What is the acronym for the fixture tests? ______
What is the acronym for the fixture tests? ______
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____ property: 'that which is movable.'
____ property: 'that which is movable.'
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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. ______
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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). ______
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____ 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.
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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. ______
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____ property: 'that which is immovable.'
____ property: 'that which is immovable.'
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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). ______
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What does the term 'Combined Loan-To-Value Ratio' refer to?
What does the term 'Combined Loan-To-Value Ratio' refer to?
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Which loans do NOT follow FNMA or FHLMC guidelines?
Which loans do NOT follow FNMA or FHLMC guidelines?
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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?
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What does FHA stand for?
What does FHA stand for?
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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?
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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?
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What does PMI stand for?
What does PMI stand for?
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What does the term 'non-traditional credit sources' refer to?
What does the term 'non-traditional credit sources' refer to?
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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?
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Which ratio compares total monthly housing expenses to gross monthly income?
Which ratio compares total monthly housing expenses to gross monthly income?
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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?
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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?
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What does LTV stand for in the context of mortgages and loans?
What does LTV stand for in the context of mortgages and loans?
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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?
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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?
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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?
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What does CLTV stand for?
What does CLTV stand for?
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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?
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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?
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What does PMI stand for?
What does PMI stand for?
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What document do lenders review to understand a borrower's credit management?
What document do lenders review to understand a borrower's credit management?
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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?
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What does PMI stand for in the context of mortgages?
What does PMI stand for in the context of mortgages?
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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?
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What does the term 'non-traditional credit sources' refer to?
What does the term 'non-traditional credit sources' refer to?
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Which type of loans do NOT adhere to FNMA or FHLMC guidelines?
Which type of loans do NOT adhere to FNMA or FHLMC guidelines?
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What does FHA stand for in the context of mortgages?
What does FHA stand for in the context of mortgages?
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