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- PSI Real Estate Exam Financing.pdffile:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Real%20Es...
PSIRealEstateExamFinancing 1.entireloanamountdueimmediatelybecauseofborrower'sdefault,orotherreasons asstatedinthecontract.
2.odicallyadjusttheinterestratesothattheratereflectsfluctuationsinthecostof money.
3.whenthere'satransferofownershipinproperty.(OftencalledaDue-On-Sale Clause.) 4.
5.mentsthatpayprincipalandinterest.
6.remainingbalanceofprincipalandinterestnotcoveredbypaymentsduringtheloan term.
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2.Mortgagethatcoversanentirebuildingordevelopment,ratherthananindividual unitorlot.
8.long-term,payinterestsemi-annually,andprovideforrepaymentataspecifieddate.
9.beginningofaloantolowertheinterestrateandmonthlypaymentsontheloan.
10.
11.soldonthesecondarymarket.
12.recordofrepayment,jobinfo,addressinfo,etc.
13.gardingthecreditworthinessofpotentialborrowers.Thisinvolvesalenderassigning specifiednumericalvaluestodifferentaspectsofaborrower.
14.wherememberssharesomethingincommon(e.g.anemployer),pooltheirdeposits together,paymembersbetterinterestrates,andloanmoneytofellowmembers.
15.anote(rarelyusedinOhio).Likeamortgage,itcreatesavoluntarylienonreal PSI Real Estate Exam Financing.pdffile:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Real%20Es...
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