Prepayment penalty of a mortgage loan will be addressed in the note rather than in the mortgage.
Prepayment penalty of a mortgage loan will be addressed in the note rather than in the mortgage.
which of these aspects of a mortgage loan will be addressed in the note rather than...
In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Describe the purpose for each document and what the differences are.
Your banker suggests that, rather than obtaining a 30-year mortgage, you should simply obtain a 15-year loan for the same amount. The rate on this loan is 3.75% APR. How much is the monthly payment? House cost= 220,000 Down Payment 50,000
Which ONE of the following is NOT a common characteristic of a Mortgage Note Payable? The amount borrowed under a mortgage loan is related to the purchase of a specific asset. O Monthly payments typically include monthly interest and some portion for the principal on the mortgage note payable. The interest rate includes a 1.45% annual government charge which is paid by both the borrower and the mortgage lender. Assets purchased with a mortgage are usually pledged as security or...
Select the best description of the mortgage note.It commits you to paying your loan It lists all costs associated with your loan
Eight-year-old Marshall focuses on several different aspects of a problem and relates them, rather than focusing on just one. Marshall is exhibiting conservation. seriation. reversibility. decentration.
Question 17 A is an example of an amortized loan. Mortgage More than one of the potential answers are correct Corporate Bond Discount Bond Indenture
Which of the following is an example of a second mortgage? A) Home equity loan B) Reverse mortgage C) Purchase-money mortgage D) Construction loan
If you are expected to hold the loan for a short time period, which mortgage should you choose if you decide to buy a house? Mortgage without discount points Mortgage with high discount points Mortgage with low discount points Mortgage with negative discount points
Mortgage Amortization Complete the loan amortization schedule for a Mortgage that will be repaid over 360 months and answer the following questions (The details about the loan are shown below): Correct Answers 1. What is your monthly payment? 2. What is the total $ amount of payments made over the life of the loan Enter Answers Here. 3. How many months will it take to pay off the loan if you pay an extra $465.71 per month? Note: Enter the...
Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment is $925 and credit card payment is $494. If he takes home $4562 monthly, what is his debt limit ratio? Answer: Check