If you were applying for a home mortgage loan today, would a lender viewyour debt-to-assets ratio favorably? Why or why not?

Q: How can mechanics’ liens achieve priority over first mortgages that were recorded prior to the…

A: Mechanic’s liens get the priority over the first mortgages when they depend on the state recording…

Q: What Percentage of down- payment do you have to give to the bank when buying a mortgage

A: Down Payment : It is the Initial lump sum amount which the borrower pay before sanction of loan.…

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: You are considering giving a loan to a prospective commercial property investor. You are concerned…

A: In order to see which ratio should be looked upon one should look at the income generated by the…

Q: balloon-payment mortgage. Why might a financial institution prefer to offer this type of mortgage?

A: Step 1 A balloon payment is a one-time payment that is bigger than usual at the expiration of the…

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: How can i get the best mortgage rates ?

A: A mortgage rate is an interplay of various quannd qualitative factors. In order to get the best…

Q: You are considering giving a loan to a prospective commercial property investor. You are concerned…

A: Debt service coverage ratio is the ratio that tells the available cash with the firm to repay its…

Q: With respect to using traditional lending rules to determine how much of a mortgage a borrower…

A: Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: Credit scoring is a process used to   Multiple Choice   determine what interest rate to charge a…

A: Credit score : it is a number between 300 - 850 which depicts consumers creditworthiness.

Q: When would you would use a Personal Loan? Why would you choose a Personal Loan over other methods of…

A: “Since you have posted multiple questions, we will solve fist question for you. If you want any…

Q: Which of the following has the highest relative likelihood of being defaulted in paying the…

A: The interest expense and earnings before interest and income taxes details for each of the company…

Q: What factors must be considered when deciding whether to refinance a loan after interest rates have…

A: Individuals always consider refinancing the loan when interest rate falls because they think they…

Q: What is private mortgage insurance?  How does it work to protect a lender from risk?   What are the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In the previous chapter, significant problems about the ability of borrowers to meet mortgage…

A: Introduction: Fixed interest rate charge on mortgage loan is the interest payment program with fixed…

Q: Explain The Price Level Adjusted Mortgage (PLAM)?

A: Mortgage loan allows the buyer to pay some portion of amount in the beginning and pay the remaining…

Q: Discuss whether a Mortgage Reducing Term Takaful can be taken for coverage of a conventional housing…

A: MRTT or Mortgage Reducing Term Takaful is referred as the takaful plan, which offers the home…

Q: Discuss the basics of loan amortization and develop a loan amortization schedulethat you might use…

A: Loan amortization is the schedule that shows how the borrower will pay the debt in the future It is…

Q: Which of the following situations are likely to result in higher loan defaults?     Mortgages…

A: Loan default implies that borrower is not able to repay debt according to initial predetermined…

Q: When would there be a discount on a loan? How about a premium?

A: The loan is purchased to finance the purchase of equipment, education purposes, the purchase of…

Q: Why is a mortgage a good debt?

A: Mortgage is typical loan given for purchase of home and ownership is reserved with financial…

Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the “Five…

A: The five Cs of credit is a system used by lenders to get the creditworthiness of borrower

Q: Explain the reason why the wraparound lender should be willing to make the loan at a rate that is…

A: Wraparound mortgage is a type of secondary financing in which the seller extends an additional…

Q: Why might a wraparound lender provide a wraparound loan at a lower rate than a new first mortgage?

A: Introduction: Wraparound mortgage is a type of loan in which loans are given to borrowers, who is…

Q: If a consumer with a relatively low credit score applied for a loan from your bank, what other…

A: WHAT IS CREDIT CRITERIA- Credit criteria area unit the factors employed by lenders to work out…

Q: Which of the following is a borrower's right provided by the Mortgage Bankers Association that is…

A: The mortgage bankers association (MBA) is referred to as the national association which mainly…

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: e that a friend tells you that you should not rush to pay off your mortgage early because you will…

A: Mortgages are paid by equal amounts of monthly payment that carry the payment of principal amount…

Q: Explain in your own words the difference between the lender's yield and the effective borrowing…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

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: 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: Why might a borrower be willing to pay a higher price for a home with an assumable loan?

A: An assumable loan is a  loan that can be taken over by a purchaser, who may then continue making…

Q: Given the role of the loan originator in the securitization process of a mortgage loan described in…

A: Securitization: A process of combining various financial assets and then selling this pool to…

Q: xplain mortgage financing and how can someone afford a mortgage loan

A: Financing involves raising funds for undertaking business activities. Business activities includes…

Q: How much of the first payment for the mortgage described in the table will go towards interest?

A: Mortgage Payment: It is the payment made on the loan and includes principal and interest payments.…

Q: A subprime mortgage is a mortgage given to a borrower with excellent credit. True False

A: Mortgage refers to the legal contract between two parties who are known as the borrower and lender…

Q: If you were comparing the costs of loans from different lenders, could you use their APRs to…

A: Annual percentage returns (APR): It indicates the rate of interest on the loan of investment. In…

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