“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER DefinitionsAnalyticalNumericalMiscellaneousAcronyms

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER DefinitionsAnalyticalNumericalMiscellaneousAcronyms

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 100 The ratio that expresses the percentage of the value of a property that is borrowed

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 200 The slow process of reducing the loan principal amount through a series of payments over the term of the loan

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 300 The lender’s process of evaluating the borrower and the property offered as security for the mortgage to determine the transaction’s level of default and foreclosure risk

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner DAILY DOUBLE

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Daily Double Definitions for 400 The act of making blanket designations of geographic areas that are considered to be unacceptable loan risks

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 500 This calculation expresses all of the financial terms of the mortgage loan quote as a single annualized rate that can be used for valid comparison purposes

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 100 The borrower may buy down the ___________ by paying more points to the lender

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 200 Loan payments are comprised of ____ and the principal repaid

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Points are prepaid _______ Analytical for 300

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner The shorter the period the loan is held, the ____ the impact of points and out of pocket costs on a borrower’s effective borrowing costs Analytical for 400

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 500 ARMs ______ the risk for borrowers and ______ the risk for lenders

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner APRAPR Acronyms for 100

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 200 F H A

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner V A Acronyms for 300

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 400 P M I

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner R E S P A Acronyms for 500

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 100 FRMs which tend to use terms from 15 to ____ years are self- liquidating

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 200 F H A loans may be up to ____% in value

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 300 V A loans may be up to ____% in value

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 400 Thee maximum point charges on a 8% loan to achieve a yield of 9%, assuming a $1,000,000 loan and a 25 year amortization period

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 500 Acceptable LTV ratios for conventional loans are typically up to ____% for private insured mortgages

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 100 The _____ the LTV ratio of a mortgage, the greater the risk of a loss in foreclosure

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 200 A key advantage of US home ownership is that _____ on the mortgage loan is fully tax deductible

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 300 A negative ______ situation results when the value of the property is less than the amount of money owed on it

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 400 The ___________ calculation tells lenders what return they can expect to earn on a mortgage loan when amortization term, points, contract rate and probable repayment terms are all considered

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 500 _____ is the mapping of data on to geographic space allowing the user to analyze data with a variety of techniques