True False Question ,please explain it 3 sentence A mortgage loan is a closed end credit
True False Question ,please explain it 3 sentence
A mortgage loan is a closed end credit
Homework Answers
There are 2 types of credit, 1 - Open ended credit and 2- Close ended credit
The major difference between open ended and close ended credit is that in case of open ended the duration of credit and purpose of use is not specified whereas in case of close ended credit the duration of credit and the purpose of credit is also specified. Mortgage loan is a close ended credit as the purpose of loan and the period for which it is given is predetermined.
Therefore, the correct answer is True. Mortgage loan is a closed end credit.
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True False Question ,please explain it 3 sentence
A mortgage loan is a closed end credit
All the below are true or false: a) The principal part of a fixed mortgage loan...
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Answer Question 22 (3 points) For an amortized loan with fixed payments (like a mortgage), the...
Answer Question 22 (3 points) For an amortized loan with fixed payments (like a mortgage), the amount of principal reduction increases with each payment. True False Question 23 (3 points) There is an inverse relationship between risk and present value. True False Question 24 (3 points) Saved Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero 1) Investment A pays $250...
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Please explain the right timing and circumstance for refinancing a home mortgage loan.
Please explain the right timing and circumstance for refinancing a home mortgage loan.
true or false, please give explaination TRUE/FALSE. Explain why the answer is true or false. 3)...
true or false, please give explaination
TRUE/FALSE. Explain why the answer is true or false. 3) True or False: Assume that a species has a diploid chromosome number of 24. The term applied to an individual with 25 chromosomes would be triploid. 4) True or False: Inversions suppress crossing over by providing a chemical imbalance because of breakpoints within certain genes. e or False: Individuals with familial Down syndrome are trisomic and have 47 chromosomes. 6) True or False: An...
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real estate, please no hand written. thanks 33. What is a mortgage? 3 pts 34. [true...
real estate, please no hand written. thanks
33. What is a mortgage? 3 pts 34. [true or false] In a residential loan the borrower can usually pay the loan off early without any penalty? 1 pts 35. What type of deed conveys the highest and most complete ownership in real estate? 2 pts 36. [true or false] An offer and acceptance indicate that both parties to a contract have the minds or mutual assent. meeting of a 1 pts 37....
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Answer Question 22 (3 points) For an amortized loan with fixed payments (like a mortgage), the amount of principal reduction increases with each payment. True False Question 23 (3 points) There is an inverse relationship between risk and present value. True False Question 24 (3 points) Saved Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero 1) Investment A pays $250...
true or false, please give explaination
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real estate, please no hand written. thanks
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