Pls help ASAP for both Out of the following list, what is the most important way that a private mortgagebenefit borrowers?Select one:a. It offers a lower interest rate compared to institutional mortgages.b. It provides an alternative source of financing when institutional mortgagesare unavailable.c. It requires less paperwork compared to institutional mortgages.d. It is harder to obtain compared to institutional mortgages. Farouq, a mortgage agent level 1, is creating a private mortgage commitment letterfor her investor for her borrower, Clive. She's unsure of what to include with regardto the legal fees as she has never done a private mortgage before. Given thisscenario which of the following statements is most correct?Select one:a. Farouq should include that two lawyers are requiredb. Farouq should include that independent legal advice is recommendedc. Farouq can't do a private mortgage transactiond. The mortgage commitment letter is always created by the investor

Note: As per bartleby guidelines in case multiple questions are asked by the students then the…

Answered: Out of the following list, what is the…

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 5DQ

See similar textbooks

Similar questions

What factors should businesses consider when determining financing needs to determine whether they can repay the debt? Select one: a. Inventory b. Equity c. Depreciation d. Liquidity
With the success of your business, you are ready to establish a storefront. However, you do not have the necessary funds to acquire the building and pay the necessary rent. You are considering borrowing a short-term note from a bank for $130,000. Required part B. Research the lending practices of a local bank. Determine the interest rate charged for a $130,000 loan. What collateral does the bank require to secure the loan? Determine your overall payback amount if you were to repay the loan in less than one year. Choose either a payback with periodic payments or all at the end of the loan term and compare the outcomes. After conducting your research, would you consider borrowing the money? What positive and negative outcomes accompany borrowing the money? Instead of borrowing on a short-term note, you are thinking on borrowing $130,000 and signed a 5-year, note payable with a 12% interest rate. Each annual payment is in the amount of $34,920 and payment is due each Dec. 31. What is…
Think about the factors involved in each of the situations below. Solve the problems by applying the concepts in Chapter 18. Where can your firm find financing? Prepare your initial discussion by providing a detailed response with at least three paragraphs. Your company needs a new copy machine quickly. The high-volume, multifeatured model you want costs $3,000, but your small business doesn’t have that much cash on hand right now and doesn’t want to borrow at this time.
Thrifts invest in mortgages for which of the following reasons? I. Regulatory incentives to remain concentrated in mortgages II. To reduce interest rate risk III. Managerial expertise in mortgages IV. To engage in matched funding O II and III O I and II O II and IV O I and III.
In what circumstances might a large corporation sell stock rather than bonds to obtain long-term financing? In what circumstances would it sell bonds rather than stock?
109 Which of the following loan types may be considered a qualified loan under ability-to-pay rules? A) An interest-only mortgage B) A loan with a balloon payment C) A loan with negative amortization D) A mortgage with an adjustable rate
An investor is considering putting their investment dollars into real estate. They ask for your advice about the pros and cons of real estate as an investment. Which of these is one of the disadvantages you would tell them about? The rate of return on most real estate investments is lower than other investment options It's difficult to find a lender willing to give you a loan to purchase real estate It can be hard to access your investment capital quickly. The market fluctuates wildly on a day-to-day basis.
Which of the following can be categorized as Short term sources of finance? i Equity Shares ii. Trade Credit iii Debenture iv Money Market Instruments O 3. Both Equity Shares and Debentures O B. Both Money Market Instruments and Trade Credit Only Money Market Instruments O d. Only Equity Shares
Trust receipts are unique type of which loan (s) an entrepreneur can get through banks. ‌Straight Commercial Loan ‌Inventory Loan ‌Account Receivable Loan ‌All of The Above ‌None of The Above.
Provide a detailed analysis of how the Expanded Mix for Services (7 P’s) will impact the banking industry.
Which of the following is the most important factor in determining or choosing the type of financing? a. Current interest rates. b. Availability of funds. c. The venture’s assets. d. A, B & C.
Your aunt Nokhona completed her dentistry studies at Sefako Makgatho Health Sciences Universitynot long ago. She has been operating her dental practice for six months now. She knows you arestudying financial management and she asks you to help her identify possible items of monetary andnonmonetary information she should include in her monthly report. In assisting her, she needs to knowitems to include and examples so that she gets a better understanding.

SEE MORE QUESTIONS

Recommended textbooks for you

Foundations of Business - Standalone book (MindTa…

Marketing

ISBN:

9781285193946

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business - Standalone book (MindTa…

Marketing

ISBN:

9781285193946

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS