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3 years ago

What fee is charged by a lender for holding credit available for a borrower, often associated with a construction loan?

Business

1 answer:

mr_godi [17]3 years ago

7 0

Answer:

The correct answer is the option 2: Loan Origination Fee.

Explanation:

To begin with, a Loan Origination Fee is the name given in the U.S to an upfront fee, that is being charged by a lender who will process a new loan application and the main purpose of the fee is to compensate the time that is being used for putting the loan in place. Moreover, this type of fees are quoted as a percentage of the total loan. Furthermore, this type of loan is usually associated with a construction loan due to the fact that it will be good for the borrower only is the person plans to sell or refinance within a few years.

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Explain a communication module .

Tasya [4]

Answer:

<h2>The Communication Module (cmm) handles the exchange of messages between modules on different robots. As such it closely interacts with the Message System. From a user point of view, all Msg functions work as documented in "An implementation</h2><h2> for the Message System".</h2>

Explanation:

<h2>PLEASE MARK ME BRAINLIEST AND FOLLOW ME AND SOUL DARLING TEJASWINI SINHA HERE ❤️</h2>

5 0

3 years ago

Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi

Musya8 [376]

Answer:

$113.86 billion

Explanation:

Real GDP = nominal GDP/ price index

Real GDP = $14460 billion / 127 = $113.86 billion

I hope my answer helps you

7 0

3 years ago

The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost of $250,000 now and an updated budget of $9

timama [110]

The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

interest i = 10%

Period = n = 7 years

Formula

A/F = i/(1+i)^n-1

= 0.1/(1+0.1)^7-1

= 0.1054

The perpetual annual cost

= -250000*0.1-95000(0.1054)

= -25000-10013

= - 35013

Therefore the perpetual equivalent annual cost is $35013

8 0

2 years ago

John Hernandez is 24 years old and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 t

poizon [28]

Answer:

C. Growth

Explanation:

Starting investment early is something that is always encouraged and that is the case of John Hernadez here. By starting early, before he retires, he'd have been able to grow is investment portfolio substantially and even be a millionaire by the time of his retirement. Growth is the most important factor for John, that's why is he's starting his investment early. With the time given for growth, investment value may increase in value and it allows time for appreciation of stock price.

4 0

3 years ago

Read 2 more answers

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the b

sukhopar [10]

Answer and Explanation:

The computation of the reserve requirement is given below;

Required reserves is

= Deposits - loans - excess reserves

= $400 - $362 - $6

= 32 million

And,

Required reserve ratio is

= Required reserves ÷ Deposits

= 32 ÷ 400

= 8%

In this way, it should be determined so that the correct value & percentage could come

3 0

3 years ago