Flashcards in Financing and Settlement Exam 1 Deck (11)
Person who pledges property in exchange for a loan is the
When mortgage is in default, authority to sell is held by the
When note secured by trust deed goes into default, authority to sell is held by the
Loan interest is paid in...
From 1 discount point...a lender would benefit...
Up front lender fees, usually a percent of the loan =
How much extra money can be held in escrow account?
60 days excess funds (two months)
Mortgage payment: order of obligations
1. Escrow requirements
4. Late charges
Loan to value amount that triggers lenders to implement mortgage insurance
Due on Sale clause = __________ Clause