Fill in the Blanks with the Correct answer 1, Loans over 80% the lender normally escrow-_ and 2. Single family housing are either owner occupied or 3. In mortgages APR means 4. Mortgage Insurance protect the lenders against . Loan to Value ratio loan amount ( divide)/ 6. The 3 major types of Mortgage loans are: Conventional, Conforming or 7. The 3 approaches to appraising a property are: Sales Comparison, Cost approach& risk. 8. When underwriting a mortgage loan the lender must verify the borrower's 9. Loan Origination fees are intended to cover expenses by the lender for 10. An adjustable rate mortgage in different from a fixed rate mortgage in that its rate 11. On the closing statement the real estate commission is paid for by the 12. The duration for a residential lease is typically? Select the correct answer from the following Multiple Choice Questions 1. IA lrge regional shopping cemters containing thousands of square feet of space are considered A) Recreational Real Estate B) Institutional Real Estate C) Retail Real Estate D) Industrial Real Estate 2. Which of the following is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio? A) Principal and interest on the mortgage applied for B) Mortgage insurance C) Property taxes D) Ultities Fill in the Blanks with the Correct answer 1, Loans over 80% the lender normally escrow-_ and 2. Single family housing are either owner occupied or 3. In mortgages APR means 4. Mortgage Insurance protect the lenders against . Loan to Value ratio loan amount ( divide)/ 6. The 3 major types of Mortgage loans are: Conventional, Conforming or 7. The 3 approaches to appraising a property are: Sales Comparison, Cost approach& risk. 8. When underwriting a mortgage loan the lender must verify the borrower's 9. Loan Origination fees are intended to cover expenses by the lender for 10. An adjustable rate mortgage in different from a fixed rate mortgage in that its rate 11. On the closing statement the real estate commission is paid for by the 12. The duration for a residential lease is typically? Select the correct answer from the following Multiple Choice Questions 1. IA lrge regional shopping cemters containing thousands of square feet of space are considered A) Recreational Real Estate B) Institutional Real Estate C) Retail Real Estate D) Industrial Real Estate 2. Which of the following is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio? A) Principal and interest on the mortgage applied for B) Mortgage insurance C) Property taxes D) Ultities