What would be the maximum recommended limit for an individual's debt payments-to- income ratio, excluding the home mortgage? Question 24 Select one: a, 10% b. 20% c. 50% d. 75% e. None of the above
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What would be the maximum recommended limit for an individual's debt payments-to- income ratio, excluding the home mortgage? Question 24 Select one: a, 10% b. 20% c. 50% d. 75% e. None of the above
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- What would be the maximum recommended limit for an individual's debt payments - to - income ratio, excluding the home mortgage? Question 24Select one: a. 10% b. 20% c. 50% d. 75% e. None of the aboveWhich of the following is a feature of a home equity loan? Group of answer choices a. The interest rate on a home equity loan is higher than that on other loans. b. The interest paid on a home equity loan is usually tax deductible. c. A home equity loan is generally the first mortgage loan. d. A home equity loan is a single-payment loan. e. A home equity loan is an unsecured loan.If you were applying for a home mortgage loan today, would a lender viewyour debt-to-assets ratio favorably? Why or why not?
- Item 32 of 50 Which one of the following is a spontaneous source of financing? Select the correct response: Prepaid interest Notes Payable Trade credit Long-tern DebtAsap33 .The portion of the selling price paid by the customer at the time of purchase is called ________. a. Mortgage b. Amortization c. Down payment d. Installment loan
- 4. Which of the following does not one of the 3 repayment options for federal student loans A. Extended B. Standard C. Subsidized D. Income drivenQuestion7. Down payment Interest rate Terms Loan Amount 0 48 4% 4.12% 4.25% 4.75% Find the mortgage payment for the terms and interest rates given 100000 60 72 84K Fill in the blank to complete the sentence below. A(n) rate mortgage may be completely amortized at the initiation of the loan. adjustable high low fixed
- What are the three 'C's' of mortgage underwriting? What is one way in which each of the 'C's' is measured? What is the APR? Discuss at least two concerns that the APR does not capture the full costs of a mortgage.6. Open account credit provides a debtor with a predetermined line of credit and a flexible payback period. Which of the following is an example of open account credit? i. Personal Loan ii. Overdraft i. Charge card iv. Education loan A. i and ii B. i,i and ii C. ii and ii D. i,ii,i and ivFrom page 9-1 of the VLN, every installment payment Group of answer choices A. Reduces the amount you owe on the loan by the total amount of the payment. B. Reduces the amount you owe on the loan by the amount of interest that has accrued since your last payment. C. Reduces the amount you owe on the loan by the difference between the payment and the interest that has accrued since your last payment. D. Causes the amount of interest accrued to be more than the last installment payment.