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WorksheetsReal Estate Finance #1
Total questions: 10
Worksheet time: 10mins
A buyer will loan from the bank for the purpose of a house. The amount of difference between what the total price will be and the amount he can boroow is reffered to as:
equity
reservation deposit
downpayment
loan balance
In computing the amortization factor on financing of real estate sales, the factors will be based on the following
capacity of the buyer
number of years to pay
Interest rate and term of payment
interest
It is not considered a sale on financing or installment in the purchase of a lot
Pagibig financing
Spot cash
Bank financing
Lending investor's financing
The payment to be made monthly by the lot buyer on installment is generally referred to as
monthly amortization
monthly payments
amortization schedule
financing payments
If financing was made in the amount of 18% per annum, what would be the monthly interest rate to be applied on a 24 months payment scheme
1.0%
1.5%
2.0%
2.5%
The maximum age limit for the maturity of payment of the loan from Pagibig financing for a housing unit is
50
60
65
70
An additional requirement in obtaining a loan which is to pay off the loan or outstanding obligation upon the death of borrower
Loan assurance agreement
Mortgage Redemption insurance
Housing financing insurance
Mortgage loan insurance
A payment scheme where the buyer of a condo unit pays the total price within a short period of time without interest is referred to as
short-term financing
deferred cash payment
discounted cash payment
deferred financing scheme
Anna was paying a monthly amortization of Php54,100 at 21% interest per annum. if the amortization factor is 0.02705, how much is the amount being financed?
1,000,000.00
1,500,000.00
2,000,000.00
2,500,000.00
In a housing financing scheme based on diminishing balance, the interest in the payments
increases while the payment of the principal decreases
decreases while the payment of principal increases
remain constant for the term of the loan
remain constant but the principa decrease
