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Terminology for Real Estate Finance Documents

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the difference between an interest rate and APR?

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1. How much does a point cost a buyer?

2. How is the loan-to-value ratio calculated?

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About This Quiz & Worksheet

These study resources will help you to determine how much you know about real estate finance document vocabulary. Quiz questions will test your ability to compare an interest rate and an APR and the price of a point.

Quiz & Worksheet Goals

Use these assessment tools to:

  • Understand how to calculate loan-to-value
  • Assess characteristics amortization
  • Identify the purpose of a due on sale clause

Skills Practiced

Practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on vocabulary in real estate finance documents
  • Distinguishing differences - compare and contrast topics from the lesson, such as interest rate and an APR
  • Information recall - access the knowledge you've gained regarding amortization

Additional Learning

To learn more about the subject, make use of the lesson entitled Terminology for Real Estate Finance Documents. The lesson will help you to learn the following study objectives:

  • Define amortization
  • Explain a balloon payment
  • Understand acceleration and escalation clauses
  • Define term of loan
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