In which scenario do most homeowners use the equity in their home? A) To pay off...
In which scenario do most homeowners use the equity in their home?
A) To pay off student loans
B) When they have children
C) When they sell it to buy a new one
D) When they're threatened with forclosure.
Homework Answers
C) When they sell it to buy a new one
Most common reason that most homeowners choose to use their home equity is to sell the home to buy a new one. Home equity is the difference between the fair market value of the home and any outstanding mortgages on the home.
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In which scenario do most homeowners use the equity in their
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5. Calculating Take-home Pay, and Length of Savings: Because
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Use Excel (PV, FV, or PMT) Let's say you are planning to purchase a house as...
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A security part that most 18% of homeowners have a home security and in words and in symbols. Then der whether the hypothes for this is whered wealed. Explain your reasoning Suase the hypothesis in words and in symbole Choose the correct answer OA. The null bypothesis expressed in words is, he proportion of a homeowners who own homestymo 10 The rulyphesis is expressed symbolcally, 'H D#0.18. OB. The hypothesis expressed in words is, the proportion of homeowners who can...
5. Calculating Take-home Pay, and Length of Savings: Because
it is such a large amount, most people, when deciding to buy a
home, need to plan ahead and start saving for the down payment.
Using the average starting salary in the career you chose after
graduation as a guideline (from #2), calculate your monthly
take-home pay; this is your net monthly pay after you have an
average of 30% taken out for income taxes.
Monthly take-home (net) pay after 30%...
please answer 3-6
Scenario: You decide to buy a used 2014 Kawasaki Ninja 300 motorcycle for $4300. You make the purchase with a credit card. Your credit card has an APR of 21.3%. You owe nothing else on this card. Questions: 1. What is the monthly interest rate? 2. How long will it take you to pay off the debt if you make payments of $100 a month? 3. How much interest will you have paid by the time you...
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question 49 of 75 est on home equity debt is fully deductible as long as the debt is used to_ O Pay for personal living expenses O To pay off credit card debts To buy, build or substantially improve a main home or second home. O To purchase a new vehicle. □Mark for follow up Question 50 of 75. Written substantiation is required for all contributions to qualified charitable organizations when the am O $50 or more. O $100 or...
Use Excel (PV, FV, or PMT)
Let's say you are planning to purchase a house as soon as your student loans are paid off in 8 years. After graduation, you plan to live in an apartment for $820 a month and your dream is to buy a home worth $240,000 in 8 years. Once your debt is paid off, you will combine your apartment payment with your former debt payment to pay for the mortgage. That does not mean it...
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