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</p> Signup and view all the answers

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

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

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

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

    What is a bailment in real estate financing?

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

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

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

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

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

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