Yara owns a home that was recently appraised for $181,000. The balance on the existing mortgage is $84,200. If Yara's bank is willing to loan up to 73% of the appraised value, find the potential amount of credit available on a home equity loan. O $47,930 O s61,466 O $96,800 O s132,130

Correct answer needed with step by step explanation.

3. Sam and Mary purchased a two-bedroom town house for $599 000 with a 10% down payment. The mortgage is at 3.49% per year, amortized over 25 years. (Note: Mortgage is compounded semi-annually by law.) + a) Find Sam and Mary's down payment and mortgage amount b) Determine their monthly payment using TVM Advanced Calculator. Show all the entries in your c) Assume they decided to make a bi-weekly payment of $ 1500 instead of monthly. How many years would it take for them to pay the mortgage in full using the TVM Advanced Calculatore) d) Assume Sam and Mary makes monthly payment, and the interest rate remains constant. Use the FCÁC mortgage calculator to find the total payment, the total principle paid, and the total interest paid for a 5- year term and complete the table? Also, find their mortgage amount after the 5-year term e) Explain why changing the payment frequency from monthly to weekly reduces the total interest paid on the loan.

Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing mortgage is $113,087. If their bank is willing to loan up to 80% of the appraised value, what is the amount of credit available to them (in $)? $

9.    Jason bought a home in Arlington, Texas, for $127,000. He put down 25% and obtained a mortgage for 30 years at 6%. a.    What is Jason’s monthly payment? (Do not round intermediate calculations. Round your answer to the nearest cent.)  Monthly payment    $     b.    What is the total interest cost of the loan? (Use the amortization worksheet on the financial calculator.)    Total interest cost    $

(ANSWER LETTER C ONLY AT THE BOTTOM OF THE PAGE)   Michael Sanchez purchased a condominium for $94,000. He made a 20% down payment and financed the balance with a 30 year, 5% fixed-rate mortgage. (Round your answers to the nearest cent. Use this table, if necessary.) (a) What is the amount (in $) of the monthly principal and interest portion, PI, of Michael's loan? -$403.69   PaymentNumber MonthlyPayment(in $) MonthlyInterest(in $) Portion Usedto ReducePrincipal(in $) LoanBalance(in $) 0       $75200 1 $403.69 $313.33 $90.36 $75,109.64 2 $403.69 $312.96 $90.73 $75,018.91 3 $403.69 $312.58 $91.11 $74,927.80 4 $403.69 $312.20 $91.49 $74,836.31 If the annual property taxes are $1,640 and the hazard insurance premium is $670 per year, what is the total monthly PITI of Michael's loan (in $)?

Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $324,800. The balance on their existing first mortgage is $154,720. If their bank is willing to loan up to 75% of the appraised value, what is the amount (in $) of credit available to the Bradys on a home equity line of credit? $

You are a first-time homeowner and know you will only prequalify for an FHA loan. Your monthly gross income is $2,000. What is this minimum amount of recurring debt you are currently able to handle? (round to the nearest dollar) {DO NOT INCLUDE COMMAS AND $}

To purchase a Hun and I took out a 25 year mortgage for 275000 that charges 4.25 interest and I want to know my monthly payments which formula do I use

Donelle just purchased a new home with a $400,000 mortgage with a fixed rate of 8.5% (APR) and a 30-year maturity. What are Donelle's monthly payments on the mortgage? O $3,101.69 O $2,833.33 O $2.907,85 $3,075.65