Q: What is a mortgage note?
A: Long-terms notes payable: Long-term notes payable represent a legal and written promise made by the…
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: Define the mortgage extension agreement?
A: An agreement between the borrower and the lender of the mortgage who mutually agrees to extend the…
Q: A mortgage is a O short-term amortized loan that is secured by financial assets. O long-term…
A: A mortgage loan is a secured loan in which you borrow money by pledging your property as collateral…
Q: Define the term amortized but write down its meaning in your own words in reference to amortized…
A: Since there are multiple questions it is only possible to solve the 1st part.
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: Explain the purchase-money mortgage?
A: Purchase-money mortgage: A purchase-money mortgage is a loan delivered to the debtor by the vendor…
Q: Define mortgage securitisation , with a relevent example?
A: Mortgage is a loan agreement between the borrower and the lender, in which the property or real…
Q: Using the trial balance below, how should I record an adjusting entry for: Interest on the mortgage…
A: The year-end adjustments entries for interests expense accrued is recognized as follows Debit:…
Q: define the parameters included in the interest rate of a mortgage. In addition, explain which of the…
A: Parameters included in the interest rate of a mortgage. Parameters included in the interest rate of…
Q: What is a mortgage payable?
A: Long-Term LiabilitiesLong-term liabilities are the obligations of the business that need not be paid…
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: Give an example of a real estate mortgage and chattel mortgage. What are the obligations being…
A: The term mortgage refers to the loan taken by an individual for which the individual has put some…
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: 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 Restructuring the Mortgage Loan?
A: The mortgage loan restructuring option is generally considered by homeowners so that the loan…
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: 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: What is the total interest paid over the life of the mortgage?
A: Answer to Question: Total Interest paid over the life of the mortgage=89,984.94 (Refer Workings)…
Q: What is a mortgage?
A: Mortgage : Mortgages is referred to the long-term debts owed by the business that are secured with…
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: How commercial loans and mortgages are structured in terms ofinterest and principal payments.
A: Commercial loan, as well as a mortgage, are being structured in terms of interest and principal…
Q: What is the Relationship of Note to Mortgage?
A: Relationship of Note to mortgage Document of Mortgage acts as a promissory note. A promissory note…
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: 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: Explain Qualified mortgages?
A: A Qualified Mortgage (QM) is a defined class of mortgages that meet certain borrower and lender…
Q: Which is the proper accounting treatment for a mortgage payment?
A: Answer: Option b.
Q: Which are the Payment Patterns and Security for Mortgages in Pools?
A: When the mortgage loan is given by banks or other financing firms, they sell those loans to mortgage…
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: pledge and mortgage.
A: A pledge or mortgage is indivisible, even though the debt may be divided among the successors in…
Q: Explain the different components of the Mortgage Instrument and distinguish it with promissory…
A: The details of the mortgage, including interest rates, payment durations, payment dates, and legal…
Q: Differentiate between a fixed-rate mortgage and avariable-rate mortgage.
A:
Q: Define mortgage bond.
A: Corporate debt: A corporate bond can be defined as debt security that is issued by a firm and sold…
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: is the importance of Mortgage Marke
A: Mortgage market is the place where you can get loans to buy the home and where you can buy or sell…
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: Which of the following shows the timeline of the loan from the lender's perspective?
A: A lender is the one who lends to the other party. In return, the lender receives the sum with an…
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: 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: 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: Distinguish between a mortgage and a note
A: Note is a legal document, signed by the borrower to the creditor, agreeing to repay the money. When…
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: 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
What is calculation of Outstanding Mortgage Balance (Repayment of Mortgage)? Please provide example.
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- Which is the proper accounting treatment for a mortgage payment? a) Debit: Expense Debt Service Credit: Liability Mortgage b) Debit: Expense Interest; Debit: Liability Mortgage Credit: Cash c) Debit: Expense Interest; Credit: Liability Mortgage Credit: Cash d) Debit: Cash Credit: Mortgage Payment ExpenseDefine Mortgage payable.What is a mortgage REIT?