Episode 066 - State Exam Questions 20

Episode 066 - State Exam Questions 20 Going through state exam questions to help real estate students pass their state exam.   03:30 – Mortgage factor chart; Number of thousands borrowed x mortgage factor = payment. 07:30 - $150 (number of thousands borrowed) x 9.91 (mortgage factor) = $1,486.50. 12:44 - $200 x 10.45 = $2,090. 13:48 - $129 x 7.34 = $946.86. 15:15 – What clause makes a mortgage unassumable? 18:05 – What is a piggyback mortgage and what down payment is required for an 80-10-10 mortgage? 21:50 – What is the principal in a mortgage? 25:27 – When will an agent be liable when writing a comparative market analysis (CMA) with inappropriate comparables? 27:55 – How should an agent handle a client that asks about taking title as joint tenants or tenancy by the entirety?   A-Ha LINKS   Email info@ahareep.com   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A