Q: For the second mortgage application, calculate the percentage of appraised value and the potential…
A: Percentage of appraised value (in $) = Appraised value * Lenders percentage potential credit (in $)…
Q: For the second mortgage application, calculate the percentage of appraised value and the potential…
A: Please find the answer to the above question below:
Q: Explain the purchase-money mortgage?
A: Purchase-money mortgage: A purchase-money mortgage is a loan delivered to the debtor by the vendor…
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: Give four examples of the types of income from property or investment: _________, __________,…
A: Four example of types of Income from property or investment are (1) Dividend (2) Interest (3)…
Q: For the second mortgage application, calculate the percentage of appraised value and the potential…
A:
Q: Define Mortgage payable.
A:
Q: Explain the Other characteristics of home equity loans?
A: A type of loan under which equity is used as collateral by the borrower is known as a home equity…
Q: Residential rental property is rental property where at least what percentage of the income comes…
A: Residential rental property: Residential rental property refers to homes that are purchased by an…
Q: Give atleast 3 examples of mortgage loan
A: Loans are the representations of the funds or the amount of money borrowed by a borrower. A loan is…
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: For the second mortgage application, calculate the percentage of appraised value and the potential…
A: Workings:
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: Select a common type of debt instrument used for housing loan from the following. a. None b.…
A: Housing loans are very common types of loans in which house become collateral till loan is paid.
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 is a mortgage?
A: Mortgage : Mortgages is referred to the long-term debts owed by the business that are secured with…
Q: What are three components used by a lender in determining the interestrate charged for a loan?
A: The three components used by a lender in determining the interest rate charged for a loan are as…
Q: What are the three rights associated with real estate? List them in the first sentence. Then…
A: There are total 5 rights which the Title holder of the real estate have. These are listed as below:…
Q: Name five important characteristics of mortgage pools. Tell why each is important
A: Mortgage Pool is a group of mortgages having same characteristics, same maturity date and issuance…
Q: Explain Qualified mortgages?
A: A Qualified Mortgage (QM) is a defined class of mortgages that meet certain borrower and lender…
Q: pledge and mortgage.
A: A pledge or mortgage is indivisible, even though the debt may be divided among the successors in…
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: Explain Types of Mortgage Debt and Other Obligations?
A: Introduction: Mortgage is nothing but an instrument of debt that the creditor is obliged to pay off…
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: For the second mortgage application, calculate the percentage of appraised value and the potential…
A: Percentage of appraised value = appraised value*lenders percentage
Q: Explain HOME EQUITY LOANS?
A: Home Equity Loans are the loans that are taken in against of the equity for their home. These are…
Q: Which alternative should the borrower choose, assuming he will own the property for the full loan…
A: Mortgage: It is the loan taken for the purchase of a house or any specific land or other sorts of…
Q: discussion on six assets included in a decedent’s gross estate. List and discuss three valuation…
A: Decedent’s gross estate is the gross value of all the assets owned by an Individual at the time of…
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: 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: Briefly define each of the five key financial assets. Is every financial asset also a financial…
A: Financial assets is defined as the liquid asset, which gets their value from the contractual right…
Q: Which Property can be Covered by a Mortgage?
A: Mortgage is a financial debt instrument signed by the borrower when he borrows money from the lender…
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
Explain five property interests that can be mortgaged
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- Explain the Interests That Can Be Mortgaged?A loan to purchase real estate in which the real estate itself serves as collateral is a ____ loan. a. homeowner's b. real estate c. mortgage d. propertydiscussion on six assets included in a decedent’s gross estate. List and discuss three valuation discounts, and how is real estate valued for purposes of inclusion in a decedent’s gross estate?