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The two parts of a loan are?
Prepayment penalty is defined as
Legal process in which property that is pledged as security for a debt is sold to satisfy the debt is known as?
Loans are called non-conforming only
What is another name for the Grant Program?
At 5% interest, a couple could make 360 payments of about $429, paying around $75,000 in interest—nearly equal to the borrowed amount. How can they lower the interest accrued?
The term debenture can be described as:
What is the definition of Market Value?
Which concept is better described by the expectation of certain events as a value?
The 3 methods of calculating Replacement cost are ________________, Comparative method, and cubic foot method
Fill in the blank. The primary benefits that contribute to __________________ are appreciation, income, tax benefits, and use.
Under the Federal Housing Administration (FHA) – insured, what percentage is needed for a down payment and what is the minimum credit score required?
How many dicount points make up 1% of the term balance?
What is the redemption period after a foreclosure sale is complete?
How much is the Georgia transfer tax, if a buyer purchases a home in Georgia for $260,000? Additionally, the sales contract states that the buyer will assume the existing seller’s home loan of $58,000.
Which of the following statement/s is true in terms of the right of a borrower to reclaim a property by reimbursing an investor from a foreclosure sale:
In the state of Georgia, the lender must do what when a mortgagor is in default?
After closing, how soon must deeds of conveyance be recorded?
What is a goverment loan called?
In the state of Georgia, does the borrow have the right to reclaim a property by reimbursing an investor from a foreclosure sale?
Which of the following is false: Fifteen years ago, a homeowner obtained a 30-year mortgage loan to purchase a home. The interest rate on the loan was 11.275%. Today, the homeowner is prepared to pay off the loan early.
After a mortgagor is in default, what must a lender do in order to foreclose?
Once a sale is made on a foreclosure, how long does the borrow have for redemption?
When a buyer is receiving a mortgage loan in Georgia, at the closing which document should be signed?:
The legal title to the lender is conveyed through the _____ in Georgia: