Math

Advanced MathContemporary Mathematics for Business & ConsumersFor the following second mortgage applications, calculate the percentage of appraised value and the potential credit. Appraised Lender's Percentage of Balance of Potential Value Percentage Appraised Value First Mortgage Credit $141,200 80% ________ $99,100___________BuyFind*launch*

8th Edition

Robert Brechner + 1 other

Publisher: Cengage Learning

ISBN: 9781305585447

Chapter 14.II, Problem 3RE

Textbook Problem

For the following second mortgage applications, calculate the percentage of appraised value and the potential credit.

Appraised |
Lender's |
Percentage of |
Balance of |
Potential |
||||

Value |
Percentage |
Appraised Value |
First Mortgage |
Credit |
||||

$141,200 | 80% | ________ | $99,100___________ |

Contemporary Mathematics for Business & Consumers

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Using Table 14-1 as needed, calculate the...

Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - 8. Marc Bove purchased a home with a $78,500...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - Ben and Mal Scott plan to buy a home for $272,900....Ch. 14.I - 16. Michael Sanchez purchased a condominium for...Ch. 14.I - 17. Luis Schambach is shopping for a 15-year...Ch. 14.I - 18. Phil Pittman is interested in a fixed-rate...Ch. 14.I - 19. Larry and Cindy Lynden purchased a townhome in...Ch. 14.I - Heather Gott bought a home with an adjustable-rate...Ch. 14.I - Joe and Gloria Moutran art purchasing a house in...Ch. 14.I - 22. You are a real estate broker for Aurora...Ch. 14.II - Justin Schaefer owns a home that was recently...Ch. 14.II - Roman Bass cams a gross income of $3,100 per...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Use Exhibit 14-4, Lending Ratio Guidelines, on...Ch. 14.II - 16. Ronald and Samantha Brady recently had their...Ch. 14.II - 17. The Barclays own a home that was recently...Ch. 14.II - Ransford and Alda Mariano own a home recently...Ch. 14.II - Michelle Heaster is thinking about building an...Ch. 14.II - Jamie and Alice Newmark have a combined monthly...Ch. 14.II - You are a mortgage broker at Interamerican Bank....Ch. 14.II - According to moncy.CNN.com. with mortguge rates...Ch. 14 - 1. Land, including permanent improvements on that...Ch. 14 - A(n) ___________ is a loan in which real property...Ch. 14 - Mortgage ___________ points are an extra charge...Ch. 14 - 4. A chart that shows the month-by-month breakdown...Ch. 14 - 5. A(n) ___________ account is a bank account used...Ch. 14 - Today most mortgage payments include four parts,...Ch. 14 - The final step in a real estate transaction is a...Ch. 14 - 8. The official document representing the right of...Ch. 14 - 9. List four mortgage loan closing costs. (14-4)
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