Why do lenders require the mortgagor/trustor to secure property insurance as a condition of making a...
Why do lenders require the mortgagor/trustor to secure property insurance as a condition of making a mortgage loan to a homeowner? Generally speaking, what is the minimum insurance requirement the lender will require before making the loan?
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Why do lenders require the mortgagor/trustor to secure property
insurance as a condition of making a...
Part II: Reflection 1. Why do people sometimes use credit to pay for items instead of...
Part II: Reflection 1. Why do people sometimes use credit to pay for items instead of just using cash? 2. When applying for credit, is it preferable to receive a low interest rate or a high interest rate? 3. Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?!
1. What documents provided by the seller describes the conditionof the property?A). Home inspection...
1. What documents provided by the seller describes the condition of the property?A). Home inspection report B). Loan estimate C). Comparative market analysis D). Property disclosure2. Whats the biggest reason to make your offer contingent on a professional home inspection?A). It could reveal issues you were unawar ofB). It will help you negotiate a lower priceC). Lenders require professional inspectionD). Professional inspection is required by law.3). Which one of these is the best description of comparative market analysis?A). It shows...
RECONSIDERING FLOOD INSURANCE After hurricanes smack coastal cities and towns, shocked residents and businesspeople often call...
RECONSIDERING FLOOD INSURANCE After hurricanes smack coastal cities and towns, shocked residents and businesspeople often call their insurance companies right away. Many find out—too late to do anything about it— that their losses aren’t covered by insurance. Nature can be cruel, and disasters occur with alarming frequency. Floods are more confined and predictable than other disasters, but their scale is sometimes so huge that private insurers have been scared away. That’s why Congress created the National Flood Insurance Program (NFIP)...
11) 11) Frank and Diane want to buy a house. Which of the following do they...
11) 11) Frank and Diane want to buy a house. Which of the following do they need before they purchase a house? A) Down payment. B) Handyman Mortgage principal D) Mortgage interest. E) Renter's insurance. 12) What should a home buyer consider when evaluating a house? A) Location of businesses and future construction projects. B) Zoning laws. Property values of the community. D) School system. E) All of these should be evaluated. 13) - 13) When Ingrid was selling her...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John is 26 years old and graduated from law school last year. He currently earns $43,000 per year. John’s wife, Mary, is a graphics designer who currently earns $51,500 per year. Mary is 28 years old. The couple have three children: Billy, age 2, Cindy, age 4, and Sally, age 6. John and Mary pay $1,075 per month for their home mortgage, which will be...
Chapter 16: Case Study #1 Hotel worker Danny Ruiz was living with his wife and four...
Chapter 16: Case Study #1 Hotel worker Danny Ruiz was living with his wife and four children in a cramped New York apartment when he saw a television ad promising the family a way out. “Why rent when you can own your own home?” Penn- sylvania builder Gene Percudani asked. The company even offered to pay his rent for a year, while he saved for a down payment. So the Ruiz family fled the city for the Pocono Mountains, where...
14) Which of the following statements about life income settlement options is (are) true 1. Under...
14) Which of the following statements about life income settlement options is (are) true?I. Under a joint-and-survivor life income option, payments cease at the death of the second (last) surviving) annuitant,II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.A) I onlyB) II onlyC) both I and II]D) neither I nor II15) Bruce left a question about heart disease blank on his life insurance application...
I am having trouble with transaction 5 in the 10th edition SUA packet. I included the...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
Read this New York Times article linked on the assignment page and share your thoughts. Failed...
Read this New York Times article linked on the assignment page and share your thoughts. Failed by Law and Courts, Troops Come Home to Repossessions By JESSICA SILVER-GREENBERG and MICHAEL CORKERY MARCH 16, 2015 Charles Beard, a sergeant in the Army National Guard, says he was on duty in the Iraqi city of Tikrit when men came to his California home to repossess the family car. Unless his wife handed over the keys, she would go to jail, they said....
i need help with questions 9 & 10. FINANCE EXPERTS ONLY. CASH FLOW CONCERNS Three months...
i need help with questions 9 & 10. FINANCE EXPERTS ONLY.
CASH FLOW CONCERNS Three months ago Harding had prepared a cash flow forecast for the period October 1995 to May 19%. November through March is generally a slow period for the resort, and it is not unusual for the lodge to run cash deficits during most, if not all, of these months. However, the cash surplus generated during the peak period, from August through October, is typically sufficient to...
Part II: Reflection 1. Why do people sometimes use credit to pay for items instead of just using cash? 2. When applying for credit, is it preferable to receive a low interest rate or a high interest rate? 3. Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?!
11) 11) Frank and Diane want to buy a house. Which of the following do they need before they purchase a house? A) Down payment. B) Handyman Mortgage principal D) Mortgage interest. E) Renter's insurance. 12) What should a home buyer consider when evaluating a house? A) Location of businesses and future construction projects. B) Zoning laws. Property values of the community. D) School system. E) All of these should be evaluated. 13) - 13) When Ingrid was selling her...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
i need help with questions 9 & 10. FINANCE EXPERTS ONLY.
CASH FLOW CONCERNS Three months ago Harding had prepared a cash flow forecast for the period October 1995 to May 19%. November through March is generally a slow period for the resort, and it is not unusual for the lodge to run cash deficits during most, if not all, of these months. However, the cash surplus generated during the peak period, from August through October, is typically sufficient to...
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