1 rich Libsyn https://www.libsyn.com 90 600 Episode 102 - Real Estate Exam Questions: Real Estate Finance, Lending &amp;amp; Math, Part 1 Going through state exam questions to help real estate students pass their state exam. &amp;nbsp; 02:05 – B’s Message: Making mistakes is better than faking perfection. 06:30 – List of recent grads:&amp;nbsp;Andrea, Joyce, Lynn, Adrienne, Abigail, Jessica, Angela, Sara, Marquita, Kimmy, Bruno, Eric, Jennifer, Rina, Daisy, Sabrina, Shauna, Marie, Anne, Renae, Staci, Samantha, Joey, Steven, Barbara, Tina, Elizabeth, Karen, Ashley, Lewis, Veronica, Adam, Delaney, Dianna, Claudia, Bryant, Perry, Melissa, Sheila, Tina, Frank, Lane, Daniel, and Jade. 08:30 – Listener Message from Andrea 12:20 – Episode Focus: Finance and lending in real estate, part one. Part two will come out in June. 14:00 – PITI payment; Principal, Interest, Taxes, and Insurance. 18:15 – DTI; Debt to Income ratio. 21:35 – Promissory note; IOU; contract between the borrower and the lender. 24:10 – Mortgage – verb and noun (lien); hypothecation; mortgagor and mortgagee; lien theory versus title (trust) theory. 31:55 – Interest payments; Formula: Loan amount x Periodic Interest Rate = Periodic Interest Payment; interest rate is almost always expressed as an annual rate. 37:40 – Discount point; increases yield to lender; reduces interest rate paid by borrower; value of a discount point; Formula: Loan Amount x Discount Point (as a percent) = Cost of Discount Point. 46:55 – Mortgage clauses: acceleration clause, defeasance clause (satisfaction of mortgage), and alienation clause. 52:15 – Foreclosure: judicial versus non-judicial; deed in lieu of foreclosure; short sale; redemption (equitable right versus statutory right); deficiency judgement. 1:00:25 – Exam questions 1:34:20 – June episode is part 2; LTV (loan to value), loan types, and governmental regulations (RESPA and TILA). &amp;nbsp; Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off. &amp;nbsp; Go to www.indianarealestateinstitute.com for Indiana real estate classes. &amp;nbsp; A-Ha LINKS &amp;nbsp; Email info@ahareep.com &amp;nbsp; Web www.ahareep.com &amp;nbsp; Facebook https://www.facebook.com/AHA.REEP &amp;nbsp; YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A A-Ha! Real Estate Exam Prep Podcast https://www.ahareep.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/29170668/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/962c19/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/29170668