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I need help answering questions regarding the introduction to real estate finance and investments. Please upload the attached worksheets With answers.
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Explanation & Answer
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Running head: REAL ESTATE FINANCE & INVESTMENTS
Real Estate Finance & Investments
Student’s Affiliation
Course
1
REAL ESTATE FINANCE & INVESTMENTS
2
FIN 420 – Real Estate Finance & Investments
Notes and Mortgages
Please complete the following questions (placing your responses after the assigned question) and
post online by the assigned deadline.
Questions
1. Distinguish between a mortgage and a note.
A mortgage is a deed that a person signs with a lender by promising a property against
the borrowed money. A note is a document that a person signs when pledging to pay a
lender or another person the amount borrowed. It also has details about the specified
interest for the borrowed money and time and mode of payment. In short, a note
generally discloses the debt and ensures the lender is responsible for the debt while a
mortgage is ordinarily a distinct manuscript that promises a selected property as debt
security (Brueggeman & Fisher, 2019).
2. What does default mean? Does it occur only when borrowers fail to make scheduled
loan payments?
A default occurs when a debtor fails to repay a planned loan. Secondly, when the lender
violates a provision in the mortgage or note. No default means the lender failed to make
scheduled loan payments and happened when the lender violated particular provisions in
the mortgage or note reg...