Champions School Of Real Estate Finance
Tested And Verified latest update 2025
While the majority of loans are sold in the secondary market, many of
them are retained. What is this called? --- correct precise answers ---
Portfolio loans
Most mortgage brokers specialize as the "_____" between the
borrower and the lender --- correct precise answers ---Middleman
One advantage of municipal bonds is that... --- correct precise
answers ---Interest paid to investor is not subject to federal income
tax, making them appealing to investor who needs to shelter some
income from taxation
A claim, lien, charge, or liability attached to and binding real property
--- correct precise answers ---Encumbrance
A right given by law to certain creditors to have debts paid out of the
properly of a defaulting debtor, usually through a court sale ---
correct precise answers ---Lien
, A borrower is known as a --- correct precise answers ---Mortgagor
A lender is known as a --- correct precise answers ---Mortgagee
A ______ is a pledge of real estate as security for repayment of a debt
--- correct precise answers ---Mortgage
A _____ is the borrowers unconditional promise to repay and includes
the amount borrowed, payment amount, due date, and rate of interest
--- correct precise answers ---Promissory note
Any excess money left over from the forced sale is given to the ______
--- correct precise answers ---Debtor (borrower)
A contract for deed becomes fully executed when.... --- correct precise
answers ---The final loan payment is made
A second mortgage is an instrument ______ to the primary mortgage --
- correct precise answers ---Subordinate
Tested And Verified latest update 2025
While the majority of loans are sold in the secondary market, many of
them are retained. What is this called? --- correct precise answers ---
Portfolio loans
Most mortgage brokers specialize as the "_____" between the
borrower and the lender --- correct precise answers ---Middleman
One advantage of municipal bonds is that... --- correct precise
answers ---Interest paid to investor is not subject to federal income
tax, making them appealing to investor who needs to shelter some
income from taxation
A claim, lien, charge, or liability attached to and binding real property
--- correct precise answers ---Encumbrance
A right given by law to certain creditors to have debts paid out of the
properly of a defaulting debtor, usually through a court sale ---
correct precise answers ---Lien
, A borrower is known as a --- correct precise answers ---Mortgagor
A lender is known as a --- correct precise answers ---Mortgagee
A ______ is a pledge of real estate as security for repayment of a debt
--- correct precise answers ---Mortgage
A _____ is the borrowers unconditional promise to repay and includes
the amount borrowed, payment amount, due date, and rate of interest
--- correct precise answers ---Promissory note
Any excess money left over from the forced sale is given to the ______
--- correct precise answers ---Debtor (borrower)
A contract for deed becomes fully executed when.... --- correct precise
answers ---The final loan payment is made
A second mortgage is an instrument ______ to the primary mortgage --
- correct precise answers ---Subordinate
