Consider the mortgage term PITI. What do the last two letters stand for? title insurance taxable improvements taxable income taxes and insurance tenant improvements

Q: Which of the following does not affect the computation of the rental income/expense under an…

A: Security deposits does not affect the computation of the rental income/expense under an operating…

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: 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: tax applicable to Life Insurance Premiums.

A: Life Insurance Premium: Life insurance premiums are amount we have to pay for availing the life…

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: What is the surety status of any grantees who have assumed the mortgage? Will an extension of time…

A: If one assumes someone’s mortgage, it indicates that one is agreeing to take on the debt. So, when…

Q: A loan borrowed by an individual secured against the personal property is. a. Character b.…

A: The provided options are known as the main Cs that a lender considers when providing a loan.…

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: What is a mortgage REIT?

A: Answer: Mortgage REITs invests in mortgage and own land, loan capital to real estate owners for…

Q: Discuss mortgage life insurance vs life insurance

A: Insurance - Insurance are the facility provided by the insurance company to secure the financial…

Q: Explain the difference between conventional mortgages, reverse mortgages, and second mortgages.

A: Difference between Conventional mortgage ,reverse mortgage , second mortgage Mortgage 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: What does “assignment” mean and why would a lender want to assign a mortgage loan?

A: Mortgage assignments refer to a document that shows that a mortgage is transferred from the original…

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: A(n) is where the debtor delivers personal property to the creditor to secure the debt. (one word)

A: bailment represent a legal relationship where physical position of the person property transferred…

Q: How can be Mortgage Transfer to a New Owner?

A: Assumable mortgage refers when a mortgaged property is sold along with the loan. Buyer in this case,…

Q: Which are the Minimum Mortgage Requirements?

A: Meaning of mortgage: Mortgage is nothing but an instrument of debt that the creditor is obliged to…

Q: What are the various types/methods of mortgages.

A: The various types of mortgages as follows: Fixed rate mortgage:  In a fixed rate mortgage, the money…

Q: Explain Assumption of Mortgage?

A: An individual can obtain loan by mortgaging its property to the lender. The property is said to be…

Q: Explain The Federal Home Loan Mortgage Corporation?

A: Federal Home Loan Mortgage Corporation is a private corporation which is established with the…

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

A: Mortgage is a legal arrangement under which a bank, building society, etc., in return for taking…

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 Acquiring Title “Subject to” a Mortgage?

A: Utilizing any real estate or property as a surety for obtaining any kind of loan is known as a…

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: Which of the following is a feature of a home equity loan?   Group of answer choices a. The interest…

A: A home equity loan is like a second mortgage loan is a type of loan. Home equity loans permit…

Q: Explain Important Characteristics of Mortgage Pools?

A: Mortgage pool:   Mortgage pool consist of combination of number of mortgages as its name explains.…

Q: Define The Mortgage?

A: Mortgage : It is a debt instrument or legal agreement or loan, borrowing the money from lender (…

Q: Explain the Interests That Can Be Mortgaged?

A: A mortgage is a loan taken by the borrower either from a bank or any financial institution by…

Q: Is real estate mortgage a real contract?

A: When two parties are get into contract for the purpose of sale and purchase in order to agreeing…

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

Q: QUESTION 1 Which of the following is a for AGI deduction? O Traditional IRA contribution Property…

A: The FOR AGI deductions are above-the-line deductions which are deducted from the AGI to get at the…