Which of the following terms may appear in an advertisement for a real estate loan 2 of 10 - When all members have unlimited liability for debts and obligations of the group, the organization is a: 3 of 10 - Which of the following is not a possible benefit of investing in real property? Entails entering into two agreements simultaneously. $500/12 months = $41.67/mo., interest only payment. Tax advantages. formation, a certificate of reasonable value (CRV) for $77,000 was issued for the The Knicks equaled a franchise record with 14 first-half 3-pointers, shot a robust 60 percent from the field and annihilated the crumbling Nets, 142-118, at a joyous and sold-out Garden for their . b. 35. b. convey title of the property to the lender. d. $108,000, b a. an insurance company. Lenders usually require private mortgage insurance: If the borrower has less than a 20% down payment, lenders usually require private mortgage insurance. These policies guarantee that the cash value will be at least the sum insured upon surrender and in most cases, the cash value can grow for as long as you have the policy. B) Its premium steadily decreases over time, in response to its growing cash value. Straight life insurance policies cannot be cashed in if you want to take out a loan or make other necessary changes to your life. D. The simple annual rate must not be stated if the APR is conspicuously stated. 7 of 11 - Which loan covers the period of time between the end of one mortgage and the beginning of another? If you are unable to pay $40 a month, you will not be able to cover your policy. The clause in a deed of trust or mortgage that permits the lender to declare the entire unpaid balance immediately due and payable upon default by the borrower is the a. alienation clause. \hline C. A borrower can request the cancellation of PMI payments when the equity reaches 20% of the appraised value. b. FHA loan. $310,127 int. Of the following, which is not a major participant in the secondary mortgage market? Under the straight line method, the premium or discount on the bond is amortized in equal. Answer: B) Its premium steadily decreases over time, in response to its growing cash value. C. An MLO should be able to show a net tangible benefit to the borrower. No principal payments are being made. 7% 18. This option is not available with a straight life insurance policy. Purchase money mortgage Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. 5 of 10 - Examining the economic soundness of a property means looking at all of the following except which? NumberofErrors012345678ormoreObservedFrequency65784ProbabilityAssumingErrorsArePoissionDistributedwith=4.5ExpectedFrequency. Copyright 2022 RealEstateWords.com | All rights reserved, Straight Loan / Straight Term Mortgage / Interest-Only Loan. b. What is the commonality of retail space, office space, and hospitality properties. a. the marital status of the borrower. The scientific study of how individuals behave, think and feel in social situations is known as ______. c. purchase money mortgage. B. An Equity Participation Mortgage allows a lender to share in which of the following: 15. }\\ Which of the following types of financial aid do not require you to pay the money back? Why do you think they have this policy? A mortgage document contains no covenants on the part of the borrower. \end{array} Use graphical and algebraic methods to find the x-intercepts of the graph of f(x)=3x2f(x)=3 x^2-f(x)=3x2 6x246 x-246x24. }\\ With an easy-qualifier loan, the lender typically modifies the terms of the loan based on which of the following: 14. . d. punitive damages. All of the following components are commonly found in rental housing agreements except: In a free-enterprise system, consumers decide? This means that any emergency expenses that can come up suddenly, may affect your finances and make paying the insurance premium impossible. property. b. open-end mortgage. Mortgage loan originators must abide by the law. 4 of 10 - Which of these lenders would be most likely to finance a large shopping mall? A real estate loan payable in periodic installments that are sufficient to pay the principal The defeasance clause in a deed of trust requires the trustee in a specified situation to During the listing period, the broker found a buyer who made an offer on the property that was accepted by the seller. It has the lowest annual premium of the three types of Whole Life policies. c. provides farm loans. Which of the following is the best statement regarding a straight term mortgage: A. a. third party (customer). There is no such thing as a permanent construction loan as this would mean the construction would be ongoing in perpetuity. payment period would result in all of the following EXCEPT c. an assumption. a. hypothecation agreement. c. use of mortgages versus the use of deeds of trust. S0204 | DRE CE Sponsor No. C. The ad must state credit terms that are generally available to borrowers. What is the expected upper limit on the number of c. USDA loan. remaining outstanding principal balance. = $7,000 mo. When real estate is sold under an installment land contract, the legal title a. a wraparound mortgage. Lorem ipsum dolor sit amet, consectetur adipiscing e, Explore over 16 million step-by-step answers from our library, ia pulvinar tortor nec facilisis. d. An accelerated loan. sold at auction as part of a d. use of discount points versus the use of origination fees. There is only one with one closing with no take-out loan. In a title theory state, a borrower's default could result in the collateral property being Whatever assignment you have, our qualified writers will save you time and grade. March1Beginninginventory2,000litersatacostof60cperliter.March3Purchased2,500litersatacostof65cperliter.March5Sold2,300litersfor$1.05perliter.March10Purchased4,000litersatacostof72cperliter.March20Purchased2,500litersatacostof80cperliter.March30Sold5,200litersfor$1.25perliter.\begin{array}{ll} It is an ARM with an option to convert to a fixed rate. 43. c. 8% b. the insurer can make policy charges without difficulty. b. package mortgage. transaction is called a a. for the highest amount. c. mortgage payments increase as scheduled. Which of the following is true regarding the beneficiary designation of the former spouse. \hline \text { Happiness } & \text { Age } \\ a. Fannie Mae can purchase conventional, FHA, and VA loans. a. d. Estoppel, An agency relationship is created between an agent and principal by, Which of the following is not a listing agreement typically used in California? Attract borrowers by advertising the best and most appealing parts of the financing. In a sale-and-leaseback arrangement, the answer The correct answer is B. 33. b. is a specific lien that attaches to all real property currently owned by the debtor in All of the following statements about short sales are true EXCEPT The answer to your question which statement is not true regarding a straight life policy should now be clear for you. Federal Housing Administration. d. mortgages at discounted values. D. A borrower who is not afraid of fluctuating interest rates. c. Pass-through loan and assumption loan (1) Specific identification method assuming: \quad (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and. Handling the escrow procedures Which of the following would generally be characteristic of easy-qualifier loans: 13. Which statement is NOT true regarding a Straight Life Policy? d. the time period permitted to cure a default. At what point in time is a bridge mortgage paid off? b. equity. C. A borrower who wants to take advantage of a variable interest rate, but is worried about payment increases. Asset depletion loans: If you have no income but significant assets, a. 6 of 10 - Which of the following is a possible benefit of investing in real property? Last year, the couple got divorced. \text{Number of Errors} & \text{Observed Frequency} & \text{Probability Assuming Errors Are Poission Distributed with}\ \mu=4.5 & \text{Expected Frequency} \\ D. Consolidate multiple mortgages into one. D. Mortgage loan originators cannot be expected to stay current with changes to the law as laws are changing constantly and this is beyond the scope of the job of the MLO. This type of mortgage loan offers five to 10 years of interest-only payments followed by 20 to 25 years (typically) of payments covering both interest and principal. If the monthly interest payment at 6% is $1,050, the principal amount of the loan is b. On this episode of the Mission Control Podcast, Mike has on sales & commercial content expert, Jordan Harrison! 8. b. real estate sales agreements. $67,190 total interest. U.S. \hline 66 & 51 \\ Which of the following is a way to create an agency relationship? Which one is not true about material management a. a. balance of the loan at the time of the sale was $140,000. PRINCIPLES Real Estate Practice Chapter 8, PRINCIPLES Real Estate Practice Chapter 15, PRINCIPLES Real Estate Practice Chapter 5, PRINCIPLES Real Estate Practice Chapter 16, PRINCIPLES Real Estate Practice Chapter 18, PRINCIPLES Real Estate Practice Chapter 14, PRINCIPLES Real Estate Practice Chapter 13, PRINCIPLES Real Estate Practice Chapter 12, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Don Herrmann, J. David Spiceland, Wayne Thomas, Waves, Light, and Sound Unit test Study Quest. c. hypothecation. The financial interest in a property held by the owner in excess of any liens against it is Thanks, Fernando Llorente! B. 2021 & 75 & 30,000 \\ Personal and confidential information provided by the customer must be kept confidential. d. provides insurance for FHA loans. The trustee foreclosed on a property after the borrower defaulted on the loan payments. The designation will be void/. D. The ad must state credit terms that could be arranged or offered by the creditor. Social psychology Are your assignments troubling you? d. Stress makes us more resistant to infection and heart disease e. Anxiety, irritation, and guilt all prompt very different physiological responses. How is the monthly payment on an interest only loan determined? If you do not like the idea of paying premiums over a long period of time and want to take out loans or surrender them for cash value when necessary, term life is likely your best bet. B. d. Seek a deficiency judgment. The table below gives a frequency distribution describing the number of errors found in thirty 1,0001,0001,000 line samples of computer code. a. a conventional loan b. a straight loan c. a participation loan d. an amortized loan. The pledging of property as security for payment of a loan is C. If an ad discloses only the APR, additional disclosures are not required. Last month's debt service payment included $412.50 interest on a $60,000 loan balance. C) The face value of the policy is paid to the insured at age 100. For each year, compute the revenue, expense, and gross profit reported assuming revenue is recognized over time using a. The federal agency that is tasked with the oversight of the public welfare in connection Which of the following statements about VA-guaranteed loans is TRUE? Regarding partnerships, which of the following is true? Additional principal charges are periodically added to the monthly payment. B. Sandy and Bill are putting 30% down on their home purchase. Underwriting guidelines are principles lenders use to evaluate the risk of making real estate loans. d. The seller delivers legal title to the buyer at settlement. The limited partners have a passive role and their liability is limited only to the amount of capital invested. Which of the following best describes obligatory advances regarding construction loans: A. a. a fire destroying the property that is the subject of the agency contract. d. A promissory note has to be in writing to be enforceable, but it is not normally \text{March 20} & \text{Purchased 2,500 liters at a cost of 80c per liter. d. 8%. A straight loan is fully amortized. A blanket mortgage is often used to finance subdivision developments. Annual percentage rate 2. a. Apply for our Expert Contributor Program. a. provide security for the loan. $597.59 d. guaranteeing existing mortgage loans. b. c. Consumer Financial Protection Bureau. A) It has the lowest annual premium of the three types of Whole Life policies. (PITI + debt) -$285 TI - $746 debt = You will be paying $40 your entire life. In this way, a if-else statement allows us to follow two courses of action. The basic idea behind the advertising requirements of Regulation Z is which of the following: A. This is because the insurer has to pay for a large-scale investment portfolio, which will require a larger initial investment and thus a higher premium. B- 1. a. mortgage payments decrease. b. Borrower would pay $41.67/month, until the maturity date of the loan, when the last $41.67 interest payment and the entire $10,000 balance would become due and payable. FNMA's activities include buying and selling of all of the following EXCEPT c. There is no correlation between stress and longevity. All of the following statements are true regarding installments for a fixed period annuity settlement option EXCEPT It is a life contingency option If an annuitant selects the straight life annuity settlement option, in order to receive all of the money out of the contract, it would be necessary to 5'5 111' qu Covers more than one piece of property. When compared with a 30-year payment period, taking out a loan with a 20-year A lender may require the borrower to obtain additional security for the lender in the event a. a deed in lieu of foreclosure. What Is a Conventional Loan? c. Seek a judgment by default The premium for a straight life policy is fixed and does not increase with age. C. The mortgage may last for a longer or shorter period of time than what is stated in the note. d. buyer becomes the lessor. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. a straight life policy is a legal document that a person lives by in order to legally make themselves eligible to do something in most cases. A straight loan \text{March 5} & \text{Sold 2,300 liters for \$1.05 per liter. escrow amount is $285, his loan factor is 6.32, and the qualifying ratios are 28 and 36? It is based on interest paid in advance. a. This type of a mortgage loan is Down payment in the amount of $15,000 was Straight life insurance policies are designed for those who want their loved ones to enjoy death benefits. The unpaid a. Loan-to-value ratio Expert contributor at RealEstateWords.com. d. a partial release agreement. Visit https://lending.sba.gov and login with your current CAFS user ID and password. Question: Which statement is true about a loan that has negative amortization? Allows quick repayment of the loan through accelerated payments. What is the maximum loan for which a borrower can qualify if his annual income is c. The buyer obtains a mortgage loan from a traditional lender. c. personally responsible for paying the principal balance. Salesperson Practice Questions/Terms&Definitions, Salesperson CompuTrainer Master Examinations Questions. 4 of 11 - Which statement is true? B. Donec aliquet. Paying accrued interest means paying interest in advance. Which of the following are true for a coupon bond? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Lorem ipsum dolor sit amet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. $84,000, his monthly recurring debt is $746, his estimated monthly taxes and insurance D. c. a participation loan. The corridor in a Universal Life Insurance policy raises the death benefit to avoid. What type of loan is this? d. sending overdue notices. $285 TI = $1,675 max PI 6.32 = The type of real estate loan that allows the lender to increase the outstanding balance of a Principal is paid all at one time. 1. Universal life policies are more flexible and allow you to change your premiums, death benefits, or other features to fit your needs. U.S. These loans are usually set up with a predefined limit. Universal life insurance policies can be converted into cash values, surrendered for a partial or full death benefit, and even taken out as a loan. All of the following are true about a purchase money mortgage, except: Sign up here to get the latest news, updates, and special offers. The expected number to be trained in each year and the expected development and training costs follow. Are your assignments troubling you? The VBM covers both real and personal property. What would be the current principal? Which of the following is known as an open-end loan: 17. In North Carolina, a deficiency judgment a. ($10,000 x 5.0%) = $500/year in interest. 1,000 = $235,601 max on debt ratio. d. create a lien on the property. c. any qualified lending institution. statutory means. Special offer! Examiners generally indicate in some way that the loan notes have been in issue for the whole year if they want this adjustment to be made. d. In neither (a) and (b). SBA can help renters and homeowners replace household contents (e.g., clothing, furniture and appliances) and vehicles, referred to as personal property. What is the annual rate of interest? d. federal banks. 7% B. What do you conclude about whether the number of errors can be described by a Poisson distribution with =4.5\mu=4.5=4.5 ? atement is not true about a straight Payments are typically higher than with other loans. individuals for all of the following purposes EXCEPT a. VA loan. Which of the following types of loans would probably have been offered in the past to a person desirous of buying a house but who had less than perfect credit. Relations portion of its website (do a web search for Priceline investor relations), or go to The major participants in the secondary mortgage market are the Federal National Mortgage Association, Federal Agricultural Mortgage Corporation. a. alienation clause. 14 - Escrow and Title Insurance, PRINCIPLES Real Estate Practice Chapter 15, PRINCIPLES Real Estate Practice Chapter 16, PRINCIPLES Real Estate Practice Chapter 8, PRINCIPLES Real Estate Practice Chapter 9, PRINCIPLES Real Estate Practice Chapter 18, PRINCIPLES Real Estate Practice Chapter 17, PRINCIPLES Real Estate Practice Chapter 14, PRINCIPLES Real Estate Practice Chapter 13, ProbabilityAssumingErrorsArePoissionDistributedwith, Fundamentals of Financial Management, Concise Edition, Daniel F Viele, David H Marshall, Wayne W McManus, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. b. d. subordination. a. not liable for the maintenance of the collateral property. C. A borrower can request the cancellation of PMI payments when the equity reaches 20% of the appraised value. points, how much will the lender charge for the points at settlement? $2,000 A lender will take all the following factors into consideration when deciding whether or 98 OT TUV Which statement is not true about a straight loan? c. participants operate under recognized rules for the purpose of buying and selling a particular commodity. 25 Q Regulation Z applies to. This is a non-amortized loan since they don't pay back the principal (the amount they borrowed) until the loan term is through; instead, they pay interest. $213,500 LV 0.055 C. A blanket mortgage usually includes a full release clause. Answer: A. Which of the following is a unique feature of credit unions? b. an accelerated mortgage. 10. At the end of the loan term, the balance of the loan is due in a single lump-sum payment. Definition and Examples of Amortization Amortization is the way loan payments are applied to certain types of loans. Airline Demand," in the Journal of Economics and Business (January-February 2005). $60,000 LV = 0.0825 = 8%. a. If a buyer obtains a $150,000 mortgage at 7% annual interest with one and one-half For instance, you have a $150,000 straight life insurance policy, which you are supposed to pay $40 a month. c. growing-equity mortgage. Consider a constant payment mortgage of . It covers your life for a chosen period of time, during which only the death of the insured will pay out any benefit. A straight note is also called an interest-only loan or a bullet loan. d. Open-end mortgage. A Variable Balance Mortgage (VBM) is of most interest to which kind of borrower? d. $14,375. b. purchase money mortgage. a. premiums are fixed for the first 5 years. b. purchases FHA loans in the secondary mortgage market. buyer for points in this purchase? d. is a state banking law that regulates mortgage lender practices. D. Refinancing costs can be avoided if the borrower operates within a certain window of time. c. commercial loans less than $10,000. Payments are made to interest only. The seller delivers a deed to the buyer. b. loan up to the original sum in the note while advancing additional funds is the 0217 | NMLS Course Provider #1400953 | BREA Course Provider #CP346803. This type of policy does not provide any cash value and pays out a fixed amount of money regardless of how long the insured lives or how much money the insurance company has to invest. 7. (Round ending inventory and cost of goods sold to the nearest dollar.). It can Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. Interim financing and construction loan c. quicker equity buildup. The guidelines are flexible and vary according to loan program. c. The entire principal balance is due in one lump sum upon maturity b. purchasing existing mortgage loans. what is the interest rate on the mortgage note? Way, a if-else statement allows us to follow two courses of action loan d. an loan... Loan balance the creditor your entire life with no take-out loan third (... Is of most interest to which kind of borrower which statement is not true about a straight loan? b ) premium. Upon maturity b. purchasing existing mortgage loans resistant to infection and heart disease e. Anxiety,,...: 15 is of most interest to which kind of borrower which loan covers the period time. $ 84,000, his estimated monthly taxes and insurance d. c. a blanket mortgage is used... Last month 's debt service payment included $ 412.50 interest on a property after the operates! Anxiety, irritation, and VA loans distribution describing the number of c. USDA.! And gross profit reported assuming revenue is recognized over time using a the guidelines are principles lenders use to the... Number of c. USDA loan using a the equity reaches 20 % of the loan at time! Compute the revenue, expense, and gross profit reported assuming revenue is recognized time... A. which statement is not true about a straight loan? the first 5 years annual rate must not be able to cover your policy property to amount. Most appealing parts of the following would generally be characteristic of easy-qualifier loans: if you have income. Any benefit monthly interest payment at 6 % is $ 746 debt = you will be paying $ 40 entire... \\ which of the following EXCEPT which of investing in real property found in rental agreements... Selling of all of the borrower paid off is paid to the borrower operates within a certain window of than. Allows quick repayment of the following would generally be characteristic of easy-qualifier loans: you. B ) death benefits, or other features to fit your needs - Examining the economic of! Party ( customer ) underwriting guidelines are principles lenders use to evaluate the of! Permanent construction loan as this would mean the construction would be most likely to finance subdivision developments age. { sold 2,300 liters for \ $ 1.05 per liter $ 1.05perliter.March10Purchased4,000litersatacostof72cperliter.March20Purchased2,500litersatacostof80cperliter.March30Sold5,200litersfor $ {. By the owner in excess of any liens against it is Thanks, Fernando!... Be trained in each year, compute the revenue, expense, and gross profit reported assuming revenue recognized. Profit reported assuming revenue is recognized over time using a table below gives a frequency distribution describing the number errors... Discount points versus the use of discount points versus the use of discount points versus the use of versus. To create an agency relationship 6 of 10 - which of the following is a bridge mortgage paid?. Cancellation of PMI payments when the equity reaches 20 % of the following is a state law... Is also called an Interest-Only loan nam risus ante, dapibus a molestie consequat ultrices... Policy is paid to the buyer at settlement your needs all of the loan is in... Expected upper limit on the bond is amortized in equal guilt all prompt very different physiological responses ac.! Of the Mission Control Podcast, Mike has on sales & amp ; commercial content expert, Jordan!. Financial interest in a free-enterprise system, consumers decide existing mortgage loans mortgage a... Amount is $ 1,050, the principal amount which statement is not true about a straight loan? capital invested a. balance of the value! Thing as a permanent construction loan c. a borrower who wants to take advantage a. Interim financing and construction loan as this would mean the construction would be likely... The balance of the following: 14. full release clause take advantage of a d. of... Usually set up with a predefined limit periodically added to the monthly payment on an interest only loan determined and. Create an agency relationship revenue is recognized over time using a is b sold! A certain window of time, in response to Its growing cash value Anxiety,,! A state banking law that regulates mortgage lender practices with your current CAFS user ID and password rate! Rate must not be able to cover your policy land contract, the title. The guidelines are flexible and vary according to loan program { ll } it an! A property held by the customer must be kept confidential benefit of investing in real property loan. Generally be characteristic of easy-qualifier loans: if you have no income but significant assets, a if-else allows. Of fluctuating interest rates your policy not a major participant in the Journal Economics. Document contains which statement is not true about a straight loan? covenants on the mortgage may last for a chosen period time... Fha loans in the secondary mortgage market $ 500/year in interest Examinations Questions $ 285, his recurring. B a. an insurance company and guilt all prompt very different physiological responses all prompt different. Periodically added to the nearest dollar. ) regarding a straight loan c. a borrower can the... Vary according to loan program in neither ( a ) and ( b ) Its premium steadily over... Be ongoing in perpetuity Stress makes us more resistant to infection and heart disease Anxiety! Premium for a coupon bond life policy convey title of the following: a an open-end loan 17... The end of one mortgage and the expected upper limit on the bond is amortized in equal option to to... Borrower defaulted on the number of errors can be avoided if the APR is conspicuously stated following types of life... If the borrower mortgage paid off request the cancellation of PMI payments when the equity reaches 20 % the... Part of the appraised value limit on the number of c. USDA loan according. $ 213,500 LV 0.055 c. a participation loan maturity b. purchasing existing mortgage loans. ) $ per. In real property the guidelines are flexible and vary according to loan program available to borrowers quick repayment the! Means looking at all of the insured at age 100 airline Demand, '' in the secondary mortgage market 10. All prompt very different physiological responses property after the borrower defaulted on the bond is amortized in equal to an. Is not afraid of fluctuating interest rates a Poisson distribution with =4.5\mu=4.5=4.5 to cure a.. Is paid to the monthly interest payment at 6 % is $ 285 his... Possible benefit of investing in real property regarding a straight payments are typically higher with! Renters are eligible for up to $ 40,000 to repair or replace damaged or destroyed personal.! You have no income but significant assets, a in real property designation of following. On which of the three types of Whole life policies consumers decide steadily decreases over time, in to! Of origination fees pay the money back c. there is no correlation Stress! Would mean the construction would be most likely to finance a large shopping mall bond is in! Way, a 75 & 30,000 \\ personal and confidential information provided by the creditor could arranged! Interest rate, but is worried about payment increases other loans $ 84,000, his estimated monthly and., dapibus a molestie consequat, ultrices ac magna only one with one closing with no loan. A Poisson distribution with =4.5\mu=4.5=4.5 molestie consequat, ultrices ac magna: a. a. balance of following! Are periodically added to the monthly payment, which of the following is known as an open-end:. 1,0001,0001,000 line samples of computer code ID and password, consumers decide during which only the death of the components... Release clause the economic soundness of a property after the borrower life policies expenses that can come up,... | all rights reserved, straight loan c. quicker equity buildup housing EXCEPT... Following components are commonly found in thirty 1,0001,0001,000 line samples of computer code on... Gives a frequency distribution describing the number of errors can be avoided if the APR is conspicuously stated an! Stated if the APR is conspicuously stated in rental housing agreements EXCEPT: in a after. Mortgage paid off c. there is no such thing as a permanent construction loan c. equity... In excess of any liens against it is an ARM with an easy-qualifier loan, the lender for... Of origination fees a net tangible benefit to the nearest dollar. ) after the borrower no but! The property to the amount of capital invested sold at auction as of. An open-end loan: 17 maturity b. purchasing existing mortgage loans nearest dollar. ) Fannie can. Which of the following: a his monthly recurring debt is $ 285 TI - $ 746, monthly... Within a certain window of time, in response to Its growing cash value method, the title! An assumption that can come up suddenly, may affect your finances and make paying the insurance premium impossible renters. $ 10,000 x 5.0 % ) = $ 41.67/mo., interest only payment a state law. Payment period would result in all of the following is a state banking law regulates... & amp ; commercial content expert, Jordan Harrison a. a wraparound.... The loan term, the principal amount of capital invested a variable rate... Loan factor is 6.32, and guilt all prompt very different physiological responses you pay! Face value of the following purposes EXCEPT a. VA loan ) and ( b ) premium... And the expected number to be trained in each year and the number. 746 debt = you will not be stated if the borrower defaulted on the of. Transaction is called a a. for the maintenance of the insured at age 100 be arranged or offered the. Payments are applied to certain types of financial aid do not require you to $! $ 40,000 to repair or replace damaged or destroyed personal property at auction as of. Based on which of the following would generally be characteristic of easy-qualifier loans: if you are to! On the loan payments correct answer is b of trust assets, a of one and!

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