Principles of California Real Estate by Kathryn Haupt;David Rockwell

Author:Kathryn Haupt;David Rockwell
Language: eng
Format: epub
Publisher: Rockwell Publishing
Published: 2021-04-14T16:00:00+00:00

A mortgage company:arranges loans but doesn’t service them

services loans but doesn’t make them

is the same as a mortgage broker

is sometimes called a mortgage banker

To increase its upfront yield on a loan, the lender is charging 2% of the loan amount, to be paid at closing. This charge is called:the origination fee

PMI

the index

discount points

The Truth in Lending Act and Regulation Z:place restrictions on how much a lender can charge for a consumer loan

require lenders to give loan applicants a disclosure statement concerning loan costs

prohibit lenders from advertising specific financing terms

All of the above

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