credit cards O Personal Loans O Consolidated Loans O Home Equity Loans O Student Loans use the borrower's home as a source of collateral so interest rates are considerable lower than

Q: Going to a bank and applying for a mortgage loan would be an example of what type of financing?…

A: A mortgage is a contract between you and a lender that provides the lender the right to repossess…

Q: Car loans and home loans that require monthly payments are sometimes referred to as installment…

A: An installment note is a formal legal document that outlines the terms of a loan repayment,…

Q: Personal loans Payday loans Student loans [Choose ] [Choose ] are offered to college students and…

A: Personal loans - Personal Loan is an amount of money that anyone can borrow and it is used for a…

Q: Suppose your bank’s loan officer tells you that if you take out a mortgage (i.e., you   borrow…

A: A short sale in terms of real estate is one in which a house is sold for a price that is less than…

Q: balloon-payment mortgage. Why might a financial institution prefer to offer this type of mortgage?

A: Step 1 A balloon payment is a one-time payment that is bigger than usual at the expiration of the…

Q: Which of the following is an example of nonrecourse debt? (a) A personal loan secured by collateral…

A: A nonrecourse debt is where the borrower is liable only till its collateral, i.e the lender can only…

Q: What is the difference between a credit card and a debit card? O A credit card is loaned money, plus…

A: Debit card is the facility given by the banks to their customers so that they can withdraw cash from…

Q: Bank rates on credit card balances are usually similar to the rate charged on business loans.…

A: A credit card's interest rate, often known as a 'financing charge,' is the rate levied by credit…

Q: Bank Muscat advances secured and unsecured loans to their customers. If Bank Muscat is issuing…

A: Secured loans are the loans which provided to borrower after taking collateral security. Unsecured…

Q: Most lenders do not require collateral for short-term financing.; True or False

A: Collateral refers to something that is pledged in order to repay a loan and which can be forfeited…

Q: Bank loans often are arranged under existing lines of credit. What is a line of credit? How does a…

A: LiabilitiesLiabilities are referred to as the obligations of the business towards the creditors for…

Q: Liabilities of saving institutions include: checkable deposits, NOW accounts, and regular savings…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: Which type of loan can seem to be funded by the mortgage broker wher are not? a) A thrift…

A: A mortgage is a financial arrangement that enables individuals to secure funds for real estate…

Q: Investment interest expense does not include: Multiple Choice O interest expense from loans to…

A: Investment interest expense is the interest paid on money borrowed to purchase taxable investments.…

Q: When would you would use a Personal Loan? Why would you choose a Personal Loan over other methods of…

A: “Since you have posted multiple questions, we will solve fist question for you. If you want any…

Q: How does high interest rate and setting ceiling on loans (limited credit) compensate for the…

A: Rate of interest is selected as per the credit-score of the borrower compared to the range set by…

Q: They can help you afford a vehicle, but you risk losing the car if you miss payments. This type of…

A: There are different types of loans that can be issued by banks, but some specific loans can also be…

Q: The two types of personal loans are Installment Loans and Demand Loans. True False

A: Introduction : In simple words, personal loans refers to the loans which are given to the borrower…

Q: hich of the following is not a way in which banks lend short-term unsecured loans? a. Through a…

A: Banks give short term credits to the business to increase the business and grow business and provide…

Q: Explain Negative Amortizing, Constant Payment Mortgage (CPM) Loans?

A: Negative amortizing: Negative amortization is a financial concept that refers to a rise in a…

Q: Revolving lines of credit generally do not involve the use of credit cards and often offer borrowers…

A: Overdraft protection is linked to your checking account in case you overdraw your account. It draws…

Q: How has the credit crisis May have adversely affected many homeowners and mortgage companies?

A: Homeowners insurance policies are defined as the type of an insurance policies, which usually covers…

Q: Which of the following situations are likely to result in higher loan defaults?     Mortgages…

A: Loan default implies that borrower is not able to repay debt according to initial predetermined…

Q: Through credits cards lines with a certain credit limit Through a guaranteed credit line that has a…

A: Banks provide  short term credit to the business for maintaining the liquidity and enough working…

Q: Default risk is generally much greater for commercial mortgage loans than home loans because...

A: In finance default risk refers to that risk in which the borrower will not be able to make the…

Q: 1. if a small bank lends to a customer who wants a mortgage that is too large for the small bank to…

A: A loan is a financial transaction in which one or more individuals, organisations, or other entities…

Q: What went wrong with Subprime mortgages?

A: Mortgage is the value which is offered by banks and other institutions to the public of firms…

Q: In other​ words, if you borrow​ $100, you must pay back​ $117.55 two weeks later. If you​ can’t pay…

A: Payday loans are a type of short-term loan that typically need to be repaid on the borrower's next…

Q: Why might a wraparound lender provide a wraparound loan at a lower rate than a new first mortgage?

A: Introduction: Wraparound mortgage is a type of loan in which loans are given to borrowers, who is…

Q: Explain as to why people prefer to keep their savings in a bank though there are other opportunities…

A: An investor with money can either invest that money in equity, bonds, real estate, etc., or can save…

Q: So-called "payday loans" are targeted primarily at "poor people" O True O False QUESTION 43 Term…

A: Pay-day loans are short-term loans that allow the person to borrow until the next payday. The…

Q: The bank may require other forms of collateral security for bank loans. These may include O 1. a…

A: Collateral Securities Concept for Bank borrowing  Banking

Q: hat happens to the interest if I pay more than my payment amount on a car or home loan? What happens…

A: The loans are paid by equal monthly payments that carry the payment for interest and payment for…

Q: LENDER LOAN PRODUCTS SIGNIFICANT FEATURES Consumer finance Automobile loans They do not accept…

A: Consumer Finance: When a business or retailer provides its consumer's financing choices, they can…

Q: What Are Consumer Loans? (1 of 2) Consumer loans Any loan to a consumer, including mortgages, car…

A: Introduction : In simple words, loans refers to the amount that one entity gives to the other entity…

Q: redit cards provide consumers with what is known as revolving credit. T

A: Introduction : A credit card can be understood as the type of  card which enables you to receive…

Q: is meant to simplify you finances. A are typically in the form of second mortgage or personal loans.…

A: A small paragraph introduces and describes a method to simplify the finances, that pays off all or…

Q: Please Help me

A: The question is asking about the type of loan in which the borrower initially receives the present…

Q: is a short term loan against your credit card. Instead of using the credit card to make purchases or…

A: The credit card provides facilities to buy goods and services as well as withdraw cash for different…

Q: According to the FDIC, they would like to see fewer banks in the future. What will be the outcome…

A: FDIC mentions in its latest report that they will see lesser banks in the future , the explanation…