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Decks in this class (17)
Chapter 1: Market Overview
Who are the key participants in t...,
What is a mortgage brokerage what...,
What is a principal broker
63
cards
Chapter 2: Basic Mortgage Concepts
Discuss the difference between a ...,
There are two mortgages registere...,
Jonathan owns a house valued at 2...
6
cards
Chapter 3: Mortgage Repayment Plans & Options
What mortgage option allows a bor...,
Discuss the difference between ac...,
Discuss the difference between an...
10
cards
Chapter 4: Property Ownership in Ontario
Describe the differences between ...,
What does a homeowner actually ow...,
Describe the term fee simple and ...
11
cards
Chapter 5: Regulation and Legislation
T f as of january 2009 a brokerag...,
T f borrowers are entitled to the...,
T f it is a good idea for a broke...
28
cards
Chapter 6: Transaction Overview
Discuss the expectations that len...,
Discuss the expectations that bor...,
What is bps if a finder s fee is ...
5
cards
Chapter 7: Insurance in the Mortgage Industry
How has mortgage default insuranc...,
Who are the current mortgage defa...,
What is are the main benefits of ...
10
cards
Chapter 9: The Impact of Legislation and Regulations
What is a bait and switch,
What does the canadian code of ad...,
What does the mortgage brokerages...
3
cards
Chapter 11: The Initial Consultation
Describe the documentation that m...,
What documentation is typically r...,
What documentation is typically r...
10
cards
Chapter 12: Application Analysis - Borrower Documentation
Briefly describe when a mortgage ...,
Describe the information found in...,
What is a certificate of independ...
5
cards
Chapter 13: Application Analysis - Application Ratios
How do you calculate the ltv of a...,
How do you calculate the ltv of a...,
How do you use ltv to calculate t...
10
cards
Chapter 14: Application Analysis - Borrower Credit
Define the term trade line,
Discuss the items involved in cal...,
What can an individual do to incr...
10
cards
Chapter 15: Application Analysis - The Property
List the different purposes for w...,
What is the role of the appraiser...,
What organizations award designat...
9
cards
Chapter 16: Choosing A Lender
Discuss the differences between p...,
Discuss the differences between p...,
What factors can cause a borrower...
10
cards
Chapter 17: Submitting the Application and Obtaining a Commitment
List the typical items that must ...,
To how many lenders should a mort...,
Discuss the impact of funding rat...
7
cards
Chapter 18: Borrower Disclosure
One of the things that must be di...,
The nature of the relationship be...,
A brokerage fee must be disclosed...
11
cards
Chapter 19: Closing the Transaction
List the common closing costs ass...,
What might be the legal fees on a...,
Under what circumstances is hst c...
10
cards
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Mortgage Broker Exam
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