Consider the mortgage term PITI. What do the last two letters stand for? (a)title insurance (b)taxable improvements (c)taxable income (d)taxes and insurance (e) tenant improvements

Q: What is a mortgage pay-through bond (MPTB)?

A: Mortgage Pay-through bond: MPTBs (Mortgage Pay-through bonds) are delivered in contradiction of…

Q: Describe the repayment process for both a term loan and ab

A: Term loan and bonds are two different types of raising money.

Q: What are the common requisites of contract of pledge and mortgage?

A: pledge  a serious promise or agreement to do or not do something: a pledge of assistance; a vow not…

Q: b.bond payable c.two-year note payable

A: Current liabilities are a company's short-term financial commitments due within a year or during a…

Q: Who are the parties to the contract of pledge and contract of mortgage?

A: Pledge is a formal promise or agreement while Mortgage is a type of loan that's used to finance…

Q: which of the followings is considered as long term liability :Select one .a mortgage payable .b…

A: a. mortgage payable is the right answer. Other option are incorrect as they are short term…

Q: Consider the mortgage term PITI. What do the last two letters stand for? title insurance taxable…

A: Many mortgage lenders estimate PITI for the insured person before they decide whether he qualifies…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Formula: Percentage of Appraised value = Appraised value x Lender's percentage

Q: Which of the following would be considered a long-term liability? a. interest payable b.…

A: Analysis of options a. interest payable Since interest will be paid within 12 months or normal cycle…

Q: The formal document that outlines the paym lender and the borrower is: the acceleration clause. O…

A: There is agreement between borrower and lender for payment of loan.

Q: Define Mortgage payable.

A:

Q: A loan to purchase real estate in which the real estate itself serves as collateral is a ____ loan.…

A: C. MORTGAGE LOAN In Mortgage Loan real estate or property as Kept as security.  Mortgage is a…

Q: Briefly describe the process that led from a homeowner purchasinga home to an investor purchasing a…

A: CDO is the security that is issued to several investors backed by the collateral assets held by the…

Q: Differentiate between mortgage bonds and debentures.

A: Mortgage bonds: Mortgage bonds are type of bonds in which holders have right towards real estate…

Q: Explain the difference between a buyer assuming the mortgage and a buyer taking title “subject to”…

A: The buyer assuming the mortgage: The buyer assuming the mortgage means the purchaser takes on…

Q: Differentiate contract of pledge from contract of mortgage.

A: Contract of Pledge is used for Movable Assets and contract of Mortgage is used for Immovable Assets.…

Q: Which is the proper accounting treatment for a mortgage payment? a) Debit: Expense Debt Service…

A: A mortgage payment is a payment of liability for the organization. A reduction in liability is…

Q: Describe the accounting procedures involved in applying the finance lease method by a lessee.

A: A lease is a written agrfgdhdfA lease is a written agreement that indicating the conditions within…

Q: In accounting for a Type A lease, how are the lessee’s and lessor’s income statements affected?

A: To state: how the lessee’s and lessor’s income statements are affected by finance lease/sales-type…

Q: Which are the Some covenants that may be included in the mortgage document?

A: Covenants is a contract specifying the rules and regulations between the borrower and sender.…

Q: what is the difference between a debenture and a mortgage bond?

A: Bonds and debentures both are the fixed interest providing debt instruments issued by companies and…

Q: How is interest expense determined in a finance lease transaction? How does the approach compare to…

A: Lease:   Lease refers to a contractual agreement whereby the right to use an asset for a particular…

Q: A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan.…

A: Financial asset is a liquid asset which can be easily sold in the market. A financial asset can be…

Q: An escrow agreement and a mortgage A promissory note and a mortgage or deed of trust A promissory…

A: When any property is mortgaged as collateral for financing than it is necessary to make certain…

Q: pledge and mortgage.

A: A pledge or mortgage is indivisible, even though the debt may be divided among the successors in…

Q: Explain five property interests that can be mortgaged

A: Mortgage is a debt instrument, secured by the collateral of specified real estate property, that the…

Q: ne loans which are to be repaid within a short O a. Fixed liabilities b. Long-term liabilities C.…

A: Ans. Liabilities can be of many types - i. Current Liabilities  ii. Non-current Liabilities iii.…

Q: Explain The Mortgage Instrument?

A: The question is based on the concept of mortgage, which is  a contract between lender and borrower.

Q: Explain the mortgage bond.

A: Mortgage bonds are type of corporate bonds. Businesses issue corporate bonds, which normally have…

Q: Define each of the following terms:h. Indentures; mortgage bond; debenture; subordinated debenture

A: Indentures: They are legal contract that has the details of the bond and the obligation of the buyer…

Q: A mortgage is a security interest in a debtor's real property. True False

A: Solution Concept Mortgage                 When someone needs to borrow a sum from any person or…

Q: When a lessee makes periodic cash payments for a finance lease, which of the following accounts is…

A: A lease is a contractual arrangement, whereby one party  (i.e., owner of the asset - Lessor ) grants…

Q: a loan, secured by a collateral, that the borrower is obliged to pay at specific terms. O Loan…

A: A loan is referred as the funds through which one or more company, individual, or some other entity…

Q: What is calculation of Outstanding Mortgage Balance (Repayment of Mortgage)?  Please provide…

A: Outstanding Mortgage Balance refers the loan outstanding at any point in time after the loan has…

Q: Should liability for rent deposit be amortized? Why or why not?

A: The assets are amortized as they provide benefits for the long period.

Q: interest expense, which of the following * ?occurs firs Incurring The Interest Expense C Paying The…

A: Accrued interest expense implies interest expense that has been incurred but not yet paid. It is a…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Given : Appraised value = $127,500 Lender's Percentage = 70% Balance of first mortgage = $53,200

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.