Business
Business, 19.07.2019 01:50, maren17

How are mortgage and auto loans similar? the loan is issued by the seller. money is given to the borrower monthly. interest rates are rarely charged. the item purchased is used as collateral.

answer
Answers: 2
Show answers

Similar questions

Предмет
Mathematics, 26.07.2019 09:00, taylahflynn5123
The debt-to-income (dti) ratio of a borrower is used to compare to the borrower’s gross monthly income. a. monthly credit expenses (credit cards and loans) b. monthly debt expenses from loans (home, personal, auto, student) c. monthly housing expenses (rent or mortgage, homeowner’s insurance, property tax, utilities) d. monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments)
Answers: 1
continue
Предмет
Business, 06.11.2019 21:31, hadellolo8839
Abuyer is purchasing a house from a seller. the single-family home is subject to an existing 30-year mortgage of $286,500 at a fixed rate of 6%. under the terms of the sales contract, the buyer will assume the seller’s mortgage at 6% interest and pay the federally insured lender’s assumption fee of $100. in addition, the seller will assist the buyer by taking back a purchase-money mortgage in the amount of $25,000 at 8% interest. is this transaction subject to respa? a. no, because this transaction involves a purchase money mortgage taken back by the seller. b. no, because the terms of the assumed loan were not changed. c. yes, because the seller is taking back a purchase money mortgage at an interest rate higher than that charged for the assumed loan. d. yes, because the lender’s fee on the assumed loan is more than $50.
Answers: 2
continue
Do you know the correct answer?
How are mortgage and auto loans similar? the loan is issued by the seller. money is given to the bo...

Questions in other subjects:

Konu
Social Studies, 12.11.2020 04:40
Using complete sentences describe the damages caused by hurricane mitch in 1998...
Konu
English, 12.11.2020 04:40
From a Midsummer Night's Dream: 1. What can you infer about the role of women in Athenian society based on the events in Act I, Scene 1? Make a claim and support it with at least...
Konu
English, 12.11.2020 04:40
Which statement best summarizes the law of demand? O A. Sellers can easily substitute a product in high demand with another product. B. Buyers are more interested in purchasing pro...
Konu
Advanced Placement (AP), 12.11.2020 04:40
Adrenaline - What is NOT a specific effect ADRENALINE has on the body? Increases Heart rate Decreases blood flow to the digestive system Pupil constriction Incre...
Konu
Spanish, 12.11.2020 04:40
Empareja la frase con el verbo correcto. Pair the sentence with the correct verb. (4 points) 1. A la casa le los azulejos típicos de la arquitectura mudéjar. 2...
Konu
Mathematics, 12.11.2020 04:40
A field researcher who studies lions conjectured that the more time a cub spends playing, the sooner the cub will begin thunk. Observational data was collected from 20 lion cubs. T...
Konu
History, 12.11.2020 04:40
What caused hannah-jones “a great deal of anxiety”? What was she worried would happen if the project hadn’t gotten any attention?...
Konu
English, 12.11.2020 04:40
What inference can be drawn from these lines of Feste’s song in Shakespeare’s Twelfh Night? CLOWN:...
Konu
Chemistry, 12.11.2020 04:40
BEST ANSWER WILL BE MARKED BRAINIEST Why does photosynthesis occur? Please explain your answer and do NOT google to find the answer....
Konu
Mathematics, 12.11.2020 04:40
Tell what number you would add to each side of the inequality to solve the inequality. f-2 ≤ 3 Add ___ to each side of the inequality...
Other tasks in the category: Business More task
See results (0)