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
-BARSIC- [3]
2 years ago
9

Besides interest paid over the life of the loan, what responsibility does the buyer have to the lender in a real estate transact

ion that requires financing?
Business
1 answer:
miss Akunina [59]2 years ago
7 0

What obligations does the buyer have to the lender in a financing real estate transaction, aside from interest paid over the course of the loan? Pay loan-related closing charges.

Closing costs are the additional charges that buyers and sellers often pay in order to conclude a real estate transaction.

Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form. Closing expenses may also apply to gifts of equity, which involve selling real estate to a relative or close friend at a discount from market value.

Learn more about Pay loan-related closing charges here.

brainly.com/question/28202947

#SPJ4

You might be interested in
The approved detail design resulting from the __________ serves as a basis for making the decision to begin production. Systems
wel

Answer: Critical Design Review

Explanation:

A Critical Design Review is referred to as a review that's fine in order o ensure that a system can be able to move into fabrication, and test and also ensure that the stated performance requirements are met.

The approved detail design resulting from the critical design review serves as a basis for making the decision to begin production.

3 0
2 years ago
Wrangler Western has some of its jeans stone-washed under a contract with an independent contractor, Almos Garment Corp. If Almo
Novay_Z [31]

Answer:

The present of worth of machine operating cost is $ 228,061.55  

 

Explanation:

In calculating the present worth of the machine operating cost,I grew the cost of $34000 per year from year 3 onwards by 6% , thereafter I discounted the increased machine operating cost with the applicable discount factor in each year as shown in the attached spreadsheet.

Download xlsx
6 0
3 years ago
Deborah Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 an
mart [117]

Answer:

The amount of the adjusting entry for bad debts at December 31 is C. $91,000

Explanation:

Adjustment entry is made on changes on the amount of provision for doubtful debts.

Increase in amount of  provision for doubtful debts increases the expenses in income statement.

Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.

Allowance for Doubtful Accounts Balance  $35,000 (cr)

Allowance during th year                             $126,000

Increase in Allowance                                   $ 91,000

$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement

5 0
4 years ago
When refusing an applicant's direct request for a recommendation, which of the following is the best format?
kiruha [24]

Answer:

The message should be brief and indirectly imply the refusal.

Explanation:

When refusing an applicant's request; it's standard practice to be polite and brief. Less words are very much commendable, to avoid emotion. Also, communication should be positive and respectful.

3 0
3 years ago
Direct materials for a company were $500,000; manufacturing overhead was $250,000; and direct labor was $770,000. Conversion cos
Keith_Richards [23]

Answer:

A) $1,020,000

Explanation:

Conversion cost = All the cost incurred to convert raw material into finished goods, this only includes direct labor cost and manufacturing cost.

Thus, here as for provided information,

Manufacturing overhead = $250,000

Direct Labor = $770,000

Thus, conversion cost = $250,000 + $770,000 = $1,020,000

Conversion cost is the cost of efforts made to convert raw material to finished goods, but it does not include raw material cost.

A) $1,020,000

8 0
3 years ago
Read 2 more answers
Other questions:
  • What is the purpose of NCUA Lending Regulations? A. to educate consumers on their rights for fair credit reporting B. to educate
    8·2 answers
  • ______________ produce fundamental changes that can transform a company or even revolutionize an industry, while ______________
    12·1 answer
  • Which of the following is the best reason for researching and comparing colleges’ curricula before making a final decision?
    15·2 answers
  • Which of the following would usually be found on a job cost sheet under a normal cost system? Actual direct material cost Actual
    13·2 answers
  • A girl is given $15 by her parents. She has two options of how to spend the money. She can either save the money for future purc
    8·1 answer
  • Wizard Co. purchased two machines for $250,000 each on January 2, 2005.
    9·1 answer
  • Branding is used to A. identify, anticipate and satisfy customer requirements. B. determine which products are intended for mark
    14·1 answer
  • Franco Company uses IFRS and owns a piece of property, plant and equipment that has a historical cost of 5,000,000. At December
    9·1 answer
  • An agreement of a seller to supply a buyer with all of the buyer's requirements for certain goods is known as?
    12·1 answer
  • A label on foods prepared and packaged onsite for retail sales must list which information?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!