Ch 7: Basic Real Estate Financing Terms & Concepts

About This Chapter

Intended to simplify the learning process, this chapter can increase your knowledge of mortgages, promissory notes, and more. These lessons on basic real estate financing terms and concepts can help you prepare for a conversation in class or get ready to ace an exam.

Basic Real Estate Financing Terms & Concepts - Chapter Summary

The lessons in this chapter provide an overview of basic real estate financing terms and concepts. You can learn about the primary elements of a mortgage. You'll also look at common examples of promissory notes. After completing the chapter, you should be prepared to:

  • Explain the purpose of a mortgage
  • Define terms often used in financial documents for real estate
  • Recall who's involved in escrow
  • Describe the use of escrow accounts in real estate
  • Provide the definition for a promissory note in lending

Our instructors use plenty of helpful examples in these concise lessons to help you comprehend basic real estate financing terms and concepts. A brief quiz is available for each lesson to test your knowledge. You can also study offline by printing the quizzes as a worksheet.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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