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| Real Estate Finance (U.S.)
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Description:
Our Real Estate Finance test measures your knowledge of how real estate lending decisions are made. This test covers the following topics: Qualifying a Borrower, the Property, Legal Obligations, Mortgages, Second Mortgages, Settlement, and Underwriting.
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- Legal Obligations
- Floats & Lock-ins
- Good Faith Estimate & Truth-In-Lending
- Transfer of Servicing & Equal Credit Opp. Act
- Mortgages
- Adjustable Rate Loans
- Fixed Rate Loans
- Over Equity Loans & I.D.O.T.s
- Second Mortgages-Home Equity Loans
- Subordinate Financing & Mortgage Insurance
- Qualifying a Borrower
- Assets - Bank Accounts
- Assets - Mutual Funds
- Assets - Retirement
- Assets - Stocks
- Credit - Quality
- Credit - Real Estate Loans
- Credit - Revolving
- Credit - Term Loans
- Income - Bonuses
- Income - Commissions
- Income - Hourly
- Income - Salary
- Income - Self Employment
- Income - Stability
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- The Property
- 2-4 Unit Properties
- Condominiums
- Equity
- Hazard Insurance
- Property Taxes
- Single Family Detached
- The Hud-1 Settlement Sheet
- The Sales Contract
- Townhomes
- Underwriting
- Desktop Underwriter & Loan Prospector
- Rental Income/Debt & Appraisal Differences
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