Revolving Line of Credit
Closed End Fixed Rate
Truth in Lending
Deed of Trust
Right to Rescind
promise to pay
The different elevations on site are shown as__________on the site plan.
Official survey points may be marked using _____________.
A legal right-of-way provision on another person's property.
A _______ may also influence the position of a structure on depth of the site.
The legal boundaries of a site are known as _________________.
The drawings shows the structure from the front or side views.
The drawing shows the structure from above looking down.
Lumber is commonly sold by its ________ size rather than its actual size.
All finish grade references on the drawings are keyed to a ______________.
A _______ depicts the connection of a piping system.
The process of collecting loans with similar credit risks, loan terms, and other comparable features into a "pool" and selling it (168)
This GSE does not guarantee mortgages; It guarantees securities that are created from the purchase of non-conventional mortgages (169)
Freddie Mac, Fannie Mae, and Ginnie Mae are examples of (168-169)
______ are mortgages that meet loan limits and other standards to qualify for purchase by Fannie Mae/Freddie Mac (173)
____ are mortgages that do not meet loan limits and other standards (173)
Seller financing is also known as a ________ (175)
For conventional/conforming loans, ______ will be required if LTV is greater than 80% (174)
Seller ________ are a gift from the seller used to pay for closing costs (175)
Borrowers who make a down payment of 10-24.9% can get up to _____ percent in seller concessions (175)
Borrowers who make a down payment of 25% or more can get up to _____ percent in seller concessions (175)
Borrowers who make down payments under 10% can get up to _____ percent in seller concessions (175)
Individuals who own 25% or more of a business are considered to be _________ (175)
Those who earn non-taxed income such as SSI, disability and public assistance are permitted to "________" those earnings by 25% (175)
_______ extends or augment the credit standards established by Fannie/Freddie (176)
_________ mortgages are any mortgage product other than a 30-year fixed-rate mortgage (177)
The FHA does not make, buy or sell loans, it ______ them (177)
FHA was originally created during the ____________ (178)
FHA has _____ lenient underwriting requirements (179)
When a homwowner defaults on an FHA loan, funds are drawn from the ______ to repay the lender (181)
A premium that borrowers pay in full at the time of closing, although this premium can be financed into the loan amount (182)
Borrowers are required to have a minimum _____ score of 580 to qualify for the FHA's 3.5% down payment program (184)
Annual ____ is usually paid for 11 years or for the life of the loan (183)
The basic ________ for eligible veterans is $36,000, those in a high-cost area may qualify for a "bonus ________" (186)
The first step in getting a VA loan is to obtain a _____ (187).
The VA loans are made based on a back-end ratio of up to _____ percent (189)
_________ are made for the purpose of assisting low-income borrowers purchase homes in rural areas (190)
Rural area is defined as having a _______ below 2,500 or having a ________ of up to 5,500 if it is rural in character (191)
Cash Back Visa
intrusion detection system
US Department of Agriculture
Guaranteed Asset Protection
Home Mortgage Disclosure Act
Achieve Prosper Grow
Power of attorney
Points and feeS
Deed of trust
Loan App Status
Loan App New
I'VE BEEN HACKED!
The ground and everything permanently attached 2, including land building, and shrub; The airspace above and the ground below the land also are included.
tangible and intangible Property that is not real property
A gift Between the living that meets all the legal requirements for a gift
A gift given by living person who expects to die from a known cause that meets all the legal requirements for a gift
The right of an owner of property to any increase in the property
ownership of a piece of property that is held by one-person
when 2 or more persons own equal shares of personal property with right of survivorship
a form of joint ownership of property by husband and wife in which both have a rightto the entire property and the right of survivorship
a form of joint ownership of property by 2 or more persons in which any owners’ interest can be sold, transferred, or inherited
property acquired during marriage that, in some states, belongs to both husband and wife
a right or interest in land granted to a party to make beneficial use of the land owned by another
an estate in which a person owns the land for life or forever
an estate in which a person has an interest in real property that comes from a lease
When an owner of a freehold estate holds it absolutely
a freehold estate in which a person has an ownership interest only for his or her lifetime
The instrument, or document that conveys an interest in real property between parties
the legal process that occurs when property is taken by the government against the will of the property owner
when ownership of real property is taken by the government and the previous owner is compensated at the fair market value of the property
coverage that protects individuals against financial losses resulting from defects in their title or real property or from issues associated with their mortgage liens
when title to land is acquired by a person's exclusive, continuous, open, known, and hostile use of the property over a period