Question
What is meant by the term secured Interest? Explain the Abstract and Opinion method? Explain what is meant by the term assumption of a mortgage?
What is meant by the term "secured Interest"?
Explain the "Abstract and Opinion" method?
Explain what is meant by the term assumption of a mortgage?
Under what circumstances would a buyer use seller financing?
Explain what Chapter 7 liquidation is?
What is Present value and why is it important?
Why is it important to know what the future value of an annuity is when making an investment decisions as to it?
What is "Discounting" and why is it used?
Why are inflation expectations important when considering investment returns?
Explain what is meant by the term default risk?
What are loan closing costs and give an example?
What are the advantages of an adjustable rate mortgage?
What is a "Teaser Rate" in regards to a mortgage and an interest rate charged?
Name and explain why a person or firm would seek to refinance a loan?
What is a buydown loan?
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