A property lease in which tenants just pay rent. Landlord agrees
to pay all expenses normally associated with ownership, such as
taxes, insurance, & maintenance.
🔄 Click to see term
Term1/17
What is apr mean
🔄 Click to see definition
Definition1/17
Annual Percentage Rate. Refers to the Interest rate paid on a
car loan.
🔄 Click to see term
Term1/17
If selling price is S and product price is P then what will be the profit
🔄 Click to see definition
Definition1/17
Selling price is somethng on which the profit depends so its
Selling price - Product price = profit
🔄 Click to see term
Term1/17
Difference between net worth and working capital
🔄 Click to see definition
Definition1/17
Working Capital is the difference between Current Assets and
Current Liabilities.Net Worth is Total Assets -Total
Liabilities
current asset-current Liability=Working Capital
working Capital Plus+Fixed Asset-LongTerm Liabilities = Net
Worth
in another word:
(Current Asset+Fixed Asset)-(current Liability+Long Term
Liability)= Net Worth
Now you got it ?
🔄 Click to see term
Term1/17
Which of these is the best description of a mill levy
🔄 Click to see definition
Definition1/17
An example of a mill levy would be that it represents the tax
dollars for each $1,000 of the value of a property.
🔄 Click to see term
Term1/17
What is a foreclosure property
🔄 Click to see definition
Definition1/17
Foreclosure is a specific legal process in
which a lender attempts to recover the balance of a loan from a
borrower who has stopped making payments to the lender by forcing
the sale of the asset used as the collateral for the loan. The
foreclosure process as applied to residential mortgage loans is a
bank or other secured creditor selling or repossessing a parcel of
real property
🔄 Click to see term
Term1/17
What are the chief legal rights accorded to an owner of real property
🔄 Click to see definition
Definition1/17
Chief legal rights accorded an owner of real property are
possession, use, and power of disposition.
🔄 Click to see term
Term1/17
The ability to repay a loan or make payments on a debt out of current income is
🔄 Click to see definition
Definition1/17
Subscribers
🔄 Click to see term
Term1/17
How much would a buyer finance on her new car if she paid 20 percent down on a car costing 14564 dollars
🔄 Click to see definition
Definition1/17
The amount financed is the amount remaining afterthe payment of the down payment.
Here, you can either calculate the down payment and subtract form the total price, or simply multiply the total by the remaining percentage (80%).
The down payment is therefore (14564 x .20) = $ 2912.80
Which leaves the remainder (14564 x .80) of $ 11651.20
🔄 Click to see term
Term1/17
What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property
🔄 Click to see definition
Definition1/17
A mortgage IS a lien on the property. The bank already has an
interest in the property that was perfected as soon as the mortgage
was recorded in the land records. If you purchase property that is
subject to a mortgage, the mortgage must be paid or the bank will
take possession of the property by foreclosure.
🔄 Click to see term
Term1/17
What is yearly rate of inerest on a charge card
🔄 Click to see definition
Definition1/17
Annual Percentage Rate (APR)
🔄 Click to see term
Term1/17
What determine the amount for a title loan
🔄 Click to see definition
Definition1/17
Title loans are worse than payday loans. If you miss a payment,
they take your car. The interest rates on these loans are generally
very high, making it quite difficult to pay back on time. You run a
great risk of losing your car. The amount of money they give you
for the loan is a mere fraction of what the car is actually worth.
It's a win win situation for the lender. I don't like payday loans
at all, but I would even say that they are better than losing your
car.
🔄 Click to see term
Term1/17
What makes a loan a secured loan
🔄 Click to see definition
Definition1/17
A secured loan is a loan in which the borrower pledges some
asset (e.g. a car or property) as collateral for the loan, which
then becomes a secured debt owed to the creditor who gives the
loan.
🔄 Click to see term
Term1/17
Where can one receive a real estate appraisal education
🔄 Click to see definition
Definition1/17
AI or the Appraisal Institute is a certified educator
specializing in real estate appraisal courses. There are several
state licensing courses available. Once you have received
certification, you can become a real estate appraiser trainee.
🔄 Click to see term
Term1/17
What is a typical rate for a Fixed Home Equity loan
🔄 Click to see definition
Definition1/17
Home Equity Loans is where an individual uses the value of their
home as collateral. The typical rate of a fixed home equity term is
around 5.17%, though this may vary.
🔄 Click to see term
Term1/17
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the
🔄 Click to see definition
Definition1/17
time
🔄 Click to see term
Term1/17
Adjustable Rate Mortgage Calculator
🔄 Click to see definition
Definition1/17
Adjustable Rate Mortgage Calculator
Adjustable rate mortgages can provide attractive interest rates,
but your payment is not fixed. This calculator helps you to
determine what your adjustable mortgage payments may be.
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (17)
What is a gross lease
A property lease in which tenants just pay rent. Landlord agrees
to pay all expenses normally associated with ownership, such as
taxes, insurance, & maintenance.
What is apr mean
Annual Percentage Rate. Refers to the Interest rate paid on a
car loan.
If selling price is S and product price is P then what will be the profit
Selling price is somethng on which the profit depends so its
Selling price - Product price = profit
Difference between net worth and working capital
Working Capital is the difference between Current Assets and
Current Liabilities.Net Worth is Total Assets -Total
Liabilities
current asset-current Liability=Working Capital
working Capital Plus+Fixed Asset-LongTerm Liabilities = Net
Worth
in another word:
(Current Asset+Fixed Asset)-(current Liability+Long Term
Liability)= Net Worth
Now you got it ?
Which of these is the best description of a mill levy
An example of a mill levy would be that it represents the tax
dollars for each $1,000 of the value of a property.
What is a foreclosure property
Foreclosure is a specific legal process in
which a lender attempts to recover the balance of a loan from a
borrower who has stopped making payments to the lender by forcing
the sale of the asset used as the collateral for the loan. The
foreclosure process as applied to residential mortgage loans is a
bank or other secured creditor selling or repossessing a parcel of
real property
What are the chief legal rights accorded to an owner of real property
Chief legal rights accorded an owner of real property are
possession, use, and power of disposition.
The ability to repay a loan or make payments on a debt out of current income is
Subscribers
How much would a buyer finance on her new car if she paid 20 percent down on a car costing 14564 dollars
The amount financed is the amount remaining afterthe payment of the down payment.
Here, you can either calculate the down payment and subtract form the total price, or simply multiply the total by the remaining percentage (80%).
The down payment is therefore (14564 x .20) = $ 2912.80
Which leaves the remainder (14564 x .80) of $ 11651.20
What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property
A mortgage IS a lien on the property. The bank already has an
interest in the property that was perfected as soon as the mortgage
was recorded in the land records. If you purchase property that is
subject to a mortgage, the mortgage must be paid or the bank will
take possession of the property by foreclosure.
What is yearly rate of inerest on a charge card
Annual Percentage Rate (APR)
What determine the amount for a title loan
Title loans are worse than payday loans. If you miss a payment,
they take your car. The interest rates on these loans are generally
very high, making it quite difficult to pay back on time. You run a
great risk of losing your car. The amount of money they give you
for the loan is a mere fraction of what the car is actually worth.
It's a win win situation for the lender. I don't like payday loans
at all, but I would even say that they are better than losing your
car.
What makes a loan a secured loan
A secured loan is a loan in which the borrower pledges some
asset (e.g. a car or property) as collateral for the loan, which
then becomes a secured debt owed to the creditor who gives the
loan.
Where can one receive a real estate appraisal education
AI or the Appraisal Institute is a certified educator
specializing in real estate appraisal courses. There are several
state licensing courses available. Once you have received
certification, you can become a real estate appraiser trainee.
What is a typical rate for a Fixed Home Equity loan
Home Equity Loans is where an individual uses the value of their
home as collateral. The typical rate of a fixed home equity term is
around 5.17%, though this may vary.
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the
time
Adjustable Rate Mortgage Calculator
Adjustable Rate Mortgage Calculator
Adjustable rate mortgages can provide attractive interest rates,
but your payment is not fixed. This calculator helps you to
determine what your adjustable mortgage payments may be.