Chapter 14 Quiz

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Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
Real Estate Contracts
Residential Mortgages
Types of mortgages
- Qualifying for a Loan
- Qualifying Ratios
- Qualifying the Property
- Preapproval vs Prequalification
- Conventional Mortgages
- Conventional Mortgage Loan Features
- Total Obligations Ratio Calculation
- Interest Rate
- Assumption
- Prepayment
- Down Payment and Private Mortgage Insurance (PMI)
- Loan to Value Ratio (LTV)
- Common Types of Mortgages
- 30-Year and 15-Year Terms
- Components of a Mortgage Amortization Table
- Adjustable Rate Mortgage (ARM)
- Components of an ARM
- Components of ARM 2
- How Negative Amortization
- Custom Mortgages
- Biweekly Mortgage
- Package Mortgage
- Home Equity Loans & Home Equity Line of Credit (HELOC)
- Purchase Money Mortgage
- HECM, Reverse Mortgage
- Government Insured FHA Program
- Characteristics of FHA Mortgage Loans
- Down Payment and Limits
- Insurance Premium (UFMIP & MIP)
- Qualifying Ratios and Interest Rates
- Appraisal, Costs, Assumption, and Prepayment
- Common FHA Loan Programs
- Condominiums and Adjustable Rates
- VA Loan Guarantee Program
- Qualifications and Eligibility
- Lending Source and Eligible Property
- Discount Points and Loan Origination Fee
- Qualifying Ratios
- Loan Limits, Guarantee, and Down Payment
- Entitlement and Reusing the Entitlement
- Appraisal
- VA Funding Fee
- Prepayment, Assumption, and Interest Rate
- Depository lenders
- Savings Associations
- Commercial Banks
- Credit Unions
- Nondepository
- Mortgage Lenders
- Mortgage Loan Originator (MLO)
- Seller Financing
- Contract for Deed
- Amortized Mortgage
- Circulate the Mortgage Money Supply
- Standardize Loan Requirements
- Fannie Mae
- Ginnie Mae
- Freddie Mac
- Common Types of Mortgage Fraud
- No Document Loans
- Inflated Appraisal
- Inflated Contract Prices
- Ethical Practices
- Prohibits Discrimination
- Income Sources
- Child-Bearing Plans
- Regulation Z
- Full Disclosure and APR
- Consumer Credit Protection Act (Truth in Lending Act)
- Real Estate Settlement Procedures Act (RESPA)
- RESPA 2
- TILA-RESPA Integrated Disclosure Rule (TRID)
- Chapter 14 Quiz 10 xp
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Types of mortgages

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