lease security deposit landlord tenant front-end-ratio back-end-ratio condominium co-op escrow...
Post on 26-Dec-2015
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• Lease• Security deposit• Landlord• Tenant• Front-end-ratio• Back-end-ratio• Condominium• Co-op• Escrow• Recurring /Non-recurring
costs
Vocabulary to Know!!!!
• Amortization table• Closing costs• Earnest money deposit• Attorney fee• Origination fee• Title search• Points• Origination points• Equity
The length of a room is 25 feet. The floor plan scale is ½ inch = 3 feet. How long is the room on the plan?
4 1/6 inches
Brian owns 5% of his co-op. There are a total of 18,000 shares. How many shares does he own?
900 shares
Maddie just rented an apartment for $1200 per month. She was told that the rent will increase 3% per year. How much will she pay after 6 years?
$1391.13
Allie just got a $250,000 mortgage with a 4.5% APR. How much of her first month’s payment will go to interest?
$937.50
When Heather bought her house her annual property taxes were $2750.40. This past year they were $3454.30. What is the percent increase?
25.6%
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