9. Principles of Real Estate Financing

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Questions and Answers

Which term best describes 'underwriting' in real estate financing?

  • Forcing a property into foreclosure
  • Overvaluing the property
  • Reducing the interest rate on a loan
  • Analyzing a loan to ensure it meets credit standards (correct)

What does a 'bailment' refer to in real estate financing?

  • Insurance against property damage
  • A loan default situation
  • Conveying possessory title to secure repayment (correct)
  • A type of mortgage repayment

Which term describes a temporary postponement of mortgage payments in real estate financing?

  • Lien
  • Estoppel
  • Moratorium (correct)
  • Foreclosure

What does an 'estoppel' statement certify in real estate financing?

<p>Liens against the property (C)</p> Signup and view all the answers

In real estate financing, underwriting guidelines ensure that a loan meets what standards?

<p>Credit standards (B)</p> Signup and view all the answers

What is meant by 'interest rate' in real estate financing?

<p>% of charge based on the loan amount (A)</p> Signup and view all the answers

What does a temporary postponement of mortgage payments represent in real estate financing?

<p>Repayment relief (C)</p> Signup and view all the answers

What is a bailment in real estate financing?

<p>Possessory title conveyance (B)</p> Signup and view all the answers

What does an 'estoppel' statement certify in real estate financing?

<p>Property ownership status (A)</p> Signup and view all the answers

In real estate financing, what is the purpose of a temporary postponement of mortgage payments?

<p>To provide repayment relief to the borrower (C)</p> Signup and view all the answers

Underwriting guidelines in real estate financing are used to ensure what aspect of a loan?

<p>The loan meets credit standards (A)</p> Signup and view all the answers

What is the purpose of a 'bailment' in real estate financing?

<p>To secure repayment for a debt (B)</p> Signup and view all the answers

What is conveyed through an 'estoppel' statement in real estate financing?

<p>Possessory title to the property (B)</p> Signup and view all the answers

What does an interest rate represent in real estate financing?

<p>The amount of a charge expressed as a percentage (D)</p> Signup and view all the answers

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