Explain the Other characteristics of home equity loans?

Q: Why is it essential to know different kinds of loans?

A: A loan helps in determining the money supply and helps new businesses in the lending process. The…

Q: Explain Early Buyers of Mortgage Loans?

A: Mortgage loans are secured loans that can be availed for obtaining a huge loan amount by providing…

Q: Define the mortgage extension agreement?

A: An agreement between the borrower and the lender of the mortgage who mutually agrees to extend the…

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: Explain Determinants of Mortgage Interest Rates?

A: Following are the determinants of Mortgage Interest Rates: Credit score: Banks and HFCs see the…

Q: What is a mortgage payable?

A: Long-Term LiabilitiesLong-term liabilities are the obligations of the business that need not be paid…

Q: Illustrate some examples in the area of loan transactions?

A: Loan transactions Accounting: Loans refer to one of the best options for financing. Every business…

Q: Benefits of a savings account for borrowers ?

A: The saving account refers to the type of account in a bank that provides the facility to deposit the…

Q: Which of the following are secured loans? (select all that apply) |student loans credit card debt |…

A: Secured loans are the loans which are backed by any asset of the borrower. In other words, if…

Q: Explain Residential Mortgage-Related Securities?

A: A types of security which is backed up by single or group of mortgages is known as Mortgage-based…

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: Which is the group of mortgage pools?

A: Mortgage pools: It is a group of mortgages held as security for mortgage backed security. In…

Q: Explain Restructuring the Mortgage Loan?

A: The mortgage loan restructuring option is generally considered by homeowners so that the loan…

Q: What are the different types of SSS loans?

A: A SSS loan is given in the Philipines, which is majorly divided into three categories.

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: What is the influence of the secondary mortgage market?

A: STEP 1: INTRODUCTION Secondary Mortgage market is the market where the buying and selling of…

Q: Explain Hybrid and Mortgage REITs?

A: Introduction: REITs enables a corporation to buy a real estate property using the collective…

Q: What is meant by a “purchase-money” mortgage loan? When could a loan not be a purchase-money…

A: A purchase-money mortgage loan is a loan that home sellers provide to the buyers of the home. Buyers…

Q: Explain The Federal Home Loan Mortgage Corporation?

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

Q: Explain Qualified mortgages?

A: A Qualified Mortgage (QM) is a defined class of mortgages that meet certain borrower and lender…

Q: What are the factors that you need to consider in applying for a loan? Why is it important to…

A: When applying for a loan one need to consider several factors at play. Some of them are quantitative…

Q: How does compound interest affect the loans you undertake? For example, how would this  affect…

A: Interest is an additional value which is charged on borrowed or deposited amount. Interest can be an…

Q: What is the secondary mortgage market? List three reasons why it is important?

A: Secondary market: Secondary market is defined as a place where purchase and sale of securities is…

Q: Write the different types of loans available?

A: Types of loans available as follows: Debt Consolidation Loans: A consolidation credit is intended to…

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 Incremental Borrowing Cost versus a Second Mortgage?

A: The lenders offer different repayment terms of the same loan to the different borrowers. The term of…

Q: Explain the disadvantages and dangers of Home Equity Loans.

A: The disadvantages of home equity loans:Higher rate of interest: The interest rates are typically…

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: Explain Important Characteristics of Mortgage Pools?

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

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: Explain Junior Mortgages?

A: Junior mortgage: A junior mortgage may be a contract subject to a to begin with or a past contract…

Q: Define The Mortgage?

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

Q: What is mortgage bond?

A: A mortgage bond is secured by a mortgage, or a pool of mortgages, that are generally backed by…

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: In what ways is a CMBS structure different from a CMO backed by residential mortgages? Why

A: Mortgage-backed securities: The securities that are secured with mortgage or pool of mortgages are…

Q: What is mortgage market?

A: A mortgage is a loan backed by some particular real estate property collateral.

Q: Explain Reverse Annuity Mortgages (RAMs) loan?

A: Reverse Annuity Mortgage (RAMs): A reverse annuity mortgage is a kind of home loan in which an…

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: 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: What is SBA Loans

A: Loans- Business loans, also known as commercial loans, are a type of finance used to fund business…

Q: Explain the terms of Classification of Mortgage Loans?

A: Mortgage Loan     Mortgage means transfer of interest to immovable property in order to secure the…

Q: What elements do each of the loans have in common?

A: LOAN -      A loan could be a sort of debt incurred by a personal or different entity. The…

Q: If you were applying for a home mortgage loan today, would a lender viewyour debt-to-assets ratio…

A: Ratio analysis The financial statement of a company are analyzed in order to find profitability,…

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.