Question

on what type of mortgage does the taxpayer pay a contingent interest adjusted rate graduated payment...

on what type of mortgage does the taxpayer pay a contingent interest

adjusted rate

graduated payment

reverse mortgage

shared appreciation

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution:

On shared appreciation mortgage taxpayer pay a contingent interest.

Hence last option is correct.

Add a comment
Know the answer?
Add Answer to:
on what type of mortgage does the taxpayer pay a contingent interest adjusted rate graduated payment...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1) Which type of mortgage can potentially solve borrower’s default risk when home price drops significantly?...

    1) Which type of mortgage can potentially solve borrower’s default risk when home price drops significantly? SAM (shared appreciation mortgage) PLAM (price level adjusted mortgage) GPM (graduate payment mortgage) (a) and (b) 2)Which type of mortgage can best mitigate “tilt effect” when inflation is high? FRM (fixed-rate mortgage) SAM (shared appreciation mortgage) GPM (graduate payment mortgage) (a) and (b)

  • A. What would be your monthly mortgage payment if you pay for a $250,000

     4. A. What would be your monthly mortgage payment if you pay for a $250,000 home by making a 20% down payment and then take out a 3.74% thirty year fixed rate mortgage loan where interest is compounded monthly to cover the remaining balance. All work must be shown justifying the following answers. Mortgage payment = B. How much total interest would you have to pay over the entire life of the loan. Total interest paid = C. Suppose you inherit some money and...

  • 8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR...

    8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR compounded semiannually? b. A certain family can afford a monthly mortgage payment of $1,340.00. With an APR of 5.25% per annum, what is the maximum mortgage amount they can afford if they prefer a 20-year amortization period? N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN c. The Lees have purchased a new home for $360,000,...

  • 1) Which of the following is not true for a 5/1 Adjustable Rate Mortgage (ARM). A)...

    1) Which of the following is not true for a 5/1 Adjustable Rate Mortgage (ARM). A) is a mortgage in which the rate is adjustable for 5 years B) in the sixth year, the loan becomes an ARM C) the new rate is determined by an economic index D) a predetermined margin is usually between 2.25-3.0% E) An adjustment interval is the period between potential rate changes 2) In A(n) _____ arrangement, the borrower may end up making payment to...

  • When you purchased your​ house, you took out a​ 30-year annual-payment mortgage with an interest rate...

    When you purchased your​ house, you took out a​ 30-year annual-payment mortgage with an interest rate of 5 % per year. The annual payment on the mortgage is $ 17 comma 573. You have just made a payment and have now decided to pay the mortgage off by repaying the outstanding balance. a. What is the payoff amount if you have lived in the house for 18 years​ (so there are 12 years left on the​ mortgage)? b. What is...

  • Consider a 30-year mortgage with an interest rate of 10% compounded monthly and a monthly payment...

    Consider a 30-year mortgage with an interest rate of 10% compounded monthly and a monthly payment of $850. (1) Calculate the principal. (2) How much of the principal is paid the first, 5th, 20th and last year? (3) How much interest is paid the first, 5th, 20th and last year year? (4) What is the total amount of money paid during the 30 years? (5) What is the total amount of interest paid during the 30 years? (6) What is...

  • Match the acronym to the most correct definition: The interest rate on this type of mortgage...

    Match the acronym to the most correct definition: The interest rate on this type of mortgage will be adjusted up or down depending on the current interest rate levels:       [ Choose ]            DCR            ADS            HELOC            FHA            LTV            FRM            PITI            ARM            TIL            GFE       The monthly payment of...

  • Q Searc Ch 05: Assignment - Making Automobile and Housing Decisions Term Answer Description Fixed-rate mortgage...

    Q Searc Ch 05: Assignment - Making Automobile and Housing Decisions Term Answer Description Fixed-rate mortgage A. This mortgage allows borrowers to make smaller-but gradually and constantly increasing-payments for the first three to five years. At the end of this period, the payments then stabilize at the higher level and are repaid over the remaining life of the loan. Interest-only mortgage B. Over the life of this mortgage, the interest rate and the monthly payment are fixed. VA loan guarantee...

  • Consider a mortgage of $150,000 at an interest rate of 3.6% APR compounded monthly for 30...

    Consider a mortgage of $150,000 at an interest rate of 3.6% APR compounded monthly for 30 years. 1. What would your monthly payment (PI) be? 2. How much interest would you pay over the 30 years note? 3. If you pay an extra $600 each month, how long would it take to pay off the loan? 4. Refer to #3, how much interest would you pay? 5. What would be your monthly payment if you wanted to pay off the...

  • Consider a 20 year fixed rate mortgage for $175,000 at nominal interest rate of 8%. If...

    Consider a 20 year fixed rate mortgage for $175,000 at nominal interest rate of 8%. If the borrower wants to pay off the remaining balance on the mortgage after making the 12th payment, what is the remaining balance on the loan? Assume monthly payments. $157,624 $168,980 $173,538 $171,301

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT