Questions and Answers
What is the purpose of residential mortgages?
To buy or refinance homes
What is the function of bridge loans in real estate financing?
To bridge the gap between the purchase of a new property and the sale of an existing one
What sets commercial mortgages apart from residential mortgages?
They come with terms tailored to commercial real estate
What is the primary purpose of construction loans in real estate financing?
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What is the common characteristic of all loans and mortgages used in real estate financing?
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What type of financing is based on the property's value rather than the borrower's creditworthiness?
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Which form of financing involves raising capital by selling ownership shares or equity in a property or real estate project?
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What type of financing allows tenants to lease a property with the option to buy it at a predetermined price after a specified period?
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Which financing form combines elements of debt and equity and is typically used in large commercial real estate projects?
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In which financing type does the property owner provide financing to the buyer?
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In real estate, what type of contract sets a fixed price for construction services?
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Which document outlines the rights and responsibilities of the borrower and lender in a loan secured by real estate?
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What type of agreement grants a potential buyer the right, but not the obligation, to purchase a property within a specified period at a predetermined price?
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What is the primary purpose of a Sales and Purchase Agreement (SPA) in real estate?
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What type of financing document involves a written promise to repay a loan, detailing the loan amount, interest rate, repayment schedule, and consequences of default?
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What is the primary function of a residential lease agreement?
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What distinguishes a commercial purchase agreement from a residential purchase agreement?
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In real estate financing, what is the purpose of a foreclosure?
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What is the common characteristic of all real estate contracts and agreements?
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What is the function of promissory notes in real estate financing?
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