Real Estate Finance

Which of the following is an example of using leverage in a real estate transaction…?

• All of the Above

• Inheriting a property from a family member

• Obtaining financing to purchase a property

• Purchasing a property using all cash

A long term real estate cycle is typically…?

• 3-5 years

• 10-15 years

• 1-2 years

• 5-7 years

When using leverage to help purchase a residential property, what is typically used to cover the remainder of the purchase price…?

• Cash down payment

• Seller Financing

• Credit Cards

• Options Money

Which of the following may be a lender in a real estate transaction…?

• Family and Friends

• All of the Above

• Insurance Company

• Commercial Bank

What is the minimum down payment for an FHA insured loan…?

• 20%

• 3.5%

• 50%

• 10%

The actual ownership of property is known as…?

• Secured title

• Record Title

• Equitable Title

• Legal Title

When a borrower hypothecates their property, the lender will maintain…?

• Legal Title

• Interim Title

• Secure title

• Equitable title

A borrower is said to be in default of their loan if they do not abide by the terms of the…?

• Mortgage

• Deed

• Promissory Note

• Purchase Contract

Which of the following participates in the secondary mortgage market…?

• Fannie Mae

• All of the Above

• Ginnie Mae

• Freddie Mac

The secondary mortgage market offers …………..for the primary mortgage market?

• Buyers

• Supply

• Liquidity

• Support