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Flashcards - Fundamentals of Real Estate Financing

Flashcards - Fundamentals of Real Estate Financing
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income and expense ratio
The efficiency ratio, a ratio that typically applies to banks, in simple terms is defined as expenses as a percentage of revenue , with a few variations
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HUD-1 Settlement Statement
The HUD-1 Settlement Statement is a standard form in use in the United States of America which is used to itemize services and fees charged to the borrower by the lender or broker when applying for a loan for the purpose of purchasing or refinancing real estate
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FHA financing
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by an FHA-approved lender
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FHA financing
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by an FHA-approved lender
HUD-1 Settlement Statement
The HUD-1 Settlement Statement is a standard form in use in the United States of America which is used to itemize services and fees charged to the borrower by the lender or broker when applying for a loan for the purpose of purchasing or refinancing real estate
income and expense ratio
The efficiency ratio, a ratio that typically applies to banks, in simple terms is defined as expenses as a percentage of revenue , with a few variations
mortgage insurance premiums
Mortgage Insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan
promissory note
A promissory note is a legal instrument , in which one party promises in writing to pay a determinate sum of money to the other , either at a fixed or determinable future time or on demand of the payee, under specific terms
seller financing
Seller financing is a loan provided by the seller of a property or business to the purchaser
VA home loans
A VA loan is a mortgage loan in the United States guaranteed by the U

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