The debt coverage ratio measures the

Question 9 options:

1)	"Buffer" or "cushion" between the NOI and the debt service

2)	Maximum loan a lender would be willing to provide

3)	Impact of the loan terms upon the project's cash flow

4)

Effective yield to the lender

The purpose of the prepayment clause in a mortgage is to permit the lender to "call the loan" in the event the buyer sells the property.

Question 11 options:

1)

True

2)

False

The cost of FHA mortgage insurance is paid by

Question 13 options:

1)	All taxpayers.

2)	The borrower.

3)	The seller.

4)	The lender.

Question 14 (2 points)

An open-end mortgage can be used to bring two or more lenders together to share in the funding of a loan.

Question 14 options:

1)

True

2)

False

A loan for $645,500 would be considered a:

Question 16 options:

1)	grande loan

2)	super loan

3)	ineligible loan

4)	jumbo loan