Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how



APR Annual percentage rate-a number that tells a borrower the total cost of a loan-not just interest, the sum of all charges associated with the loan
Trigger term An advertising term that tells a buyer financing is available without giving the cost of that financing-it triggers the need for additional information (montly payment, interest rate, down payment, term, ect)
Equal Credit Opportunity Act ECOA-a law prohibiting discrimination by lenders on the basis of sex, marital status, race, religition, age, or participation in public assistance programs
Fair Credit Reporting Act FCRA-a law allowing individuals to inspect their credit files, correct errors and attach explanatory statements
Community Reinvestment Act A law requiring lenders to meet the needs of the communtiy in which they are chartered to do business
Redlining The refusal to lend in a particular geographic area-prohibited by the Community Reinvestment Act
Mortgage Broker An individual who brings a borrower and lender for a fee-an intermediary between the borrower and the lender
Mortgage Banker A person or firm not otherwise in banking, who provides independent funds for mortgage financing as opposed to banks that rely on deposits of funds to originate loans
Leverage Using borrowed funds for investment-low down payment
Equity The market value of a property less the outstanding debt
Seller's Equity Cash price minus loan balance
Buyer's Equity The down payment amount at closing
Usury Charging an interest rate higher than the legal limit
Usury Laws Laws passed to protect consumers from excessive interest charges
Predatory Lending An unscrupulous lender taking advatage of a consumers lack of knowledge lending practices
Created by: Shirilyn
Popular Real Estate sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards