# Episode 102 - Real Estate Exam Questions: Real Estate Finance, Lending, and Math, Part 1

Page: https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466/episode-102-real-estate-exam-questions-real-estate-finance-lending-and-math-part-1
Text version: https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466/episode-102-real-estate-exam-questions-real-estate-finance-lending-and-math-part-1.md
Podcast: [A-Ha! Real Estate Exam Prep Podcast](https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466)
Published: 2024-05-02T07:00:00+00:00
Episode link: https://ahapodcast.libsyn.com/episode-102-real-estate-exam-questions-real-estate-finance-lending-and-math-part-1
Audio file: https://traffic.libsyn.com/secure/ahapodcast/2024.05.01_A-Ha_102_-_Real_Estate_Exam_Questions_Real_Estate_Finance_Lending_and_Math_Part_1.mp3?dest-id=3200714
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Duration seconds: 5783

## Resource

Episode 102 - Real Estate Exam Questions: Real Estate Finance, Lending & Math, Part 1 Going through state exam questions to help real estate students pass their state exam. 02:05 – B's Message: Making mistakes is better than faking perfection. 06:30 – List of recent grads: 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 governme…

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## Transcript

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