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1
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Used when considering gainst due to lowering 'i'
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2
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T.A. of Real Estate Finance at UW-Madison
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3
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The third C of mortgage underwriting
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4
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Clause; lender is not required to accept advance payments unless this exists
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5
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National Council of Real Estate Investment Fiduciaries
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6
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Maximum reduction (b/w periods over the life of the loan)
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7
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This score makes a big difference in how lenders see you and what they will charge
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8
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The first C of mortgage underwriting
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9
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Seller provides the financing
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12
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This is not included in APR
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14
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Primary security instrument, other than a mortgage, in WI foreclosure laws
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16
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Loan amount/ estimated property value
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18
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Private Mortgage Insurance
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19
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Seller retains the title until the borrower pays a % of the purchase price
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23
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This type of loan is used to attract buyers during periods of high interest rates
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26
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Type of foreclosure where property will be auctioned off to the highest bidder
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27
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Fixed Rate Mortgage
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32
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Annual Percentage Rate
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