11/11/24, 6:07 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (1…
30 HOUR PA FUNDAMENTALS TEST BANK EXAM
ACCURATE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS)/ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
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Continue studying in Learn
Terms in this set (870)
What is the loan balance the principal
called?
Charging interest in usury
excess of this rate is called
__________ or illegal interest.
What is the total dollar prepaid interest
amount of interest and
points paid by a borrower
at closing.
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 1/17
,11/11/24, 6:07 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (1…
What are a one-time fee points
paid at closing to increase
the yield to the investor.
Points give the lender lower
more money up-front so
he will be encouraged to
make a loan at a __________
interest rate.
The lender is able to make cash
lower interest rate loans,
but the buyer must come
up with the point money in
___________ at the time of
closing.
What is the principal of leverage
using other people's
money to make
investments?
The ratio of loan amount Loan to Value Ratio
compared to the value of
the property is called the
__________.
The value in a property equity
held by the owner in
excess of any liens against
it is called __________.
What is the cost per a factor
thousand that is required
to create the principal and
interest payment
necessary to pay off the
loan?
The longer the loan, the interest rate
lower the __________.
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 2/17
, 11/11/24, 6:07 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (1…
Cost of Sale - advertising, attorney fees, etc.
Special assessment and general taxes are paid after
What is the order of the costs of the sale.
payment in foreclosure? (4
things) The first mortgage, which is determined by the order
of recording.
Whatever is recorded next
What kind of foreclosure is judicial
required to foreclose a
Mortgage?
What kind of foreclosure is non-judicial
required to foreclose on a
Deed of Trust?
Who, in a Deed of Trust, the trustee
holds "Naked Legal Title"
(one without possessory
rights), and can claim the
property without going
through the courts?
What gives the borrower The Equitable Right of Redemption
the right to clear up the
debt prior to the
foreclosure sale?
What gives the borrower a The Statutory Right of Redemption
certain amount of time
after the sale to clear the
debt?
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 3/17
30 HOUR PA FUNDAMENTALS TEST BANK EXAM
ACCURATE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS)/ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (870)
What is the loan balance the principal
called?
Charging interest in usury
excess of this rate is called
__________ or illegal interest.
What is the total dollar prepaid interest
amount of interest and
points paid by a borrower
at closing.
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 1/17
,11/11/24, 6:07 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (1…
What are a one-time fee points
paid at closing to increase
the yield to the investor.
Points give the lender lower
more money up-front so
he will be encouraged to
make a loan at a __________
interest rate.
The lender is able to make cash
lower interest rate loans,
but the buyer must come
up with the point money in
___________ at the time of
closing.
What is the principal of leverage
using other people's
money to make
investments?
The ratio of loan amount Loan to Value Ratio
compared to the value of
the property is called the
__________.
The value in a property equity
held by the owner in
excess of any liens against
it is called __________.
What is the cost per a factor
thousand that is required
to create the principal and
interest payment
necessary to pay off the
loan?
The longer the loan, the interest rate
lower the __________.
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 2/17
, 11/11/24, 6:07 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (1…
Cost of Sale - advertising, attorney fees, etc.
Special assessment and general taxes are paid after
What is the order of the costs of the sale.
payment in foreclosure? (4
things) The first mortgage, which is determined by the order
of recording.
Whatever is recorded next
What kind of foreclosure is judicial
required to foreclose a
Mortgage?
What kind of foreclosure is non-judicial
required to foreclose on a
Deed of Trust?
Who, in a Deed of Trust, the trustee
holds "Naked Legal Title"
(one without possessory
rights), and can claim the
property without going
through the courts?
What gives the borrower The Equitable Right of Redemption
the right to clear up the
debt prior to the
foreclosure sale?
What gives the borrower a The Statutory Right of Redemption
certain amount of time
after the sale to clear the
debt?
https://quizlet.com/969697382/30-hour-pa-fundamentals-test-bank-exam-accurate-exam-questions-with-detailed-verified-answers-100-correct-answe… 3/17
