1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
2 years ago
15

Jay's new loan to purchase a property includes the seller's existing mortgage. What type of loan is this

Business
1 answer:
timurjin [86]2 years ago
8 0

The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.

<h3>What is the wraparound mortgage loan?</h3>

This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.

This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.

Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.

Read more on the wraparound mortgage loan here:

brainly.com/question/14454865

#SPJ1

You might be interested in
You have bought a house today at the price of $500,000. In the next two years, you will get a rent of $50,000 each year. In year
Illusion [34]

Answer:

Present Value= $45,454.55

Explanation:

Giving the following information:

You will get a rent of $50,000 each year.

The discount rate is 10%.

To calculate the present value at time zero of the first rent, we need to use the following formula:

PV= FV/(1+i)^n

PV= 50,000/(1.10)= $45,454.55

6 0
3 years ago
Please help due in an hour
grandymaker [24]
A diamond cuz you can get 50000 bottles of water if you wanted
3 0
3 years ago
Read 2 more answers
The capabilities used to create the sustainability/green initiatives at walmart and target are ______ but less likely to be ____
AleksandrR [38]

Answer:

Valuable; Rare

Explanation:

The Green Building Initiative (GBI) can be seen as an initiative international effort towards creating sustainable, resource-efficient buildings.

Therefore Sustainability tend to focus on meeting the needs of the present without been compromising the ability of future generations in order to meet their needs.

Therefore The capabilities used to create the sustainability/green initiatives at walmart and target are VALUABLE but less likely to be RARE

6 0
3 years ago
What schedule would any gains or losses from virtual currency carry to?
astraxan [27]

The schedule that any gains or losses from virtual currency would carry to is schedule D.

According to the question we are to discuss the type of schedule needed in case of any gains or losses from virtual currency .

As a result of this we can see that schedule D which is useful in reporting a capital gains and losses on  taxes as well as loss in cryptocurrency by buying and selling is the best schedule.

Therefore, schedule D serves as schedule that any gains or losses from virtual currency would carry to.

Learn more about schedule at:

brainly.com/question/1306721

6 0
2 years ago
We have a separate country known as Lezette-ville. The GDP per capita in 2010 was $18,000 in 2010 dollars. While in 2018, the GD
Drupady [299]

Answer:

It will be a nominal increase. Not a real increase in the purchase power of the persons

Explanation:

We will check for the effect of inflation:

18,000 x 251/218 = 20.724,77

18,000 dollars in 2010 have aprroximate the same purchase power of 20,725 dollars in 2018

Therefore, there was no real wroth in the GDP per capita from this  time period.

It was all nominal increase, there was no improve in the purchase power of the consumer.

4 0
4 years ago
Other questions:
  • QUESTION 25
    6·1 answer
  • In an FRA, the buyer agrees to pay the seller
    10·1 answer
  • You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 13 percent, –8 percent, 16 perc
    13·1 answer
  • When an additional unit of a variable input adds less to total product than the previous unit, the firm has:
    12·1 answer
  • A company is considering the purchase of a new piece of equipment for $117,200. Predicted annual cash inflows from this investme
    15·1 answer
  • Red Rock Bakery purchases land, building, and equipment for a single purchase price of $600,000. However, the estimated fair val
    13·1 answer
  • 1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise
    14·1 answer
  • Apples are selling for .15 cents per apple. The amount you buy is 823 apples, and you decide to sell those apples for .75 cents
    5·1 answer
  • ASAP!!! PLEASEEEEE Using online tools research and write how the Internet is advantageous as a business tool for marketing produ
    8·1 answer
  • Which group is legally responsible for implementing
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!