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- You have to answer 80% of the questions correctly.
- The exam contains 4 questions.
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Question 1 of 4
1. Question
1 point(s)Institutional financing refers to ____________ _____________ offered by an institutional ___________ which can be either __________ or __________ regulated.
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Institutional financing refers to offered by an institutional which can be either or regulated.
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Question 2 of 4
2. Question
1 point(s)What is one benefit of institutional financing for real estate investment?
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Question 3 of 4
3. Question
1 point(s)Categorize the components of A lenders and B lenders.
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- Big 5 Banks
- Federally regulated, chartered bank
- Governed by OSFI (Office of the Superintendent of Financial Institutions)
- Mandates borrowers to pass the “stress-test”
- Most popular option for new investors
- Smaller institutions or even subsidiaries of a larger bank
- Also called MFCs (Mortgage Finance Companies)
- Aren’t always federally regulated
- Will lend to individuals with lower credit scores, fluctuating income, and immigrants
- Generally require 20% down payment
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A Lenders 1:
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A Lenders 2:
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A Lenders 3:
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A Lenders 4:
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A Lenders 5:
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B Lenders 1:
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B Lenders 2:
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B Lenders 3:
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B Lenders 4:
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B Lenders 5:
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Question 4 of 4
4. Question
1 point(s)Institutional financing is the most common place for investors to start because institutional lenders are easy to find across the country