Texas Real Estate

Card Set Information

Author:
leakinmysoul
ID:
252855
Filename:
Texas Real Estate
Updated:
2013-12-12 16:20:56
Tags:
11 Math
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Description:
Math
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  1. P=%xT
    Part equals percent times total - a basic formula for real estate math
  2. Loan Factor
    A monthly payment amount of principal and interest required to amortize a loan of $1,000 based on the interest rate and the term of the loan - loan amount divided by 1,000 times the factor equals payment
  3. Debit
    A debt at closing as shown on the closing statement
  4. Credit
    Cash due at closing as shown on the closing statement
  5. LTV
    Loan to value ratio - the percent of the price that the buyer is borrowing - high LTV means low down payment

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