All categories

3 years ago

Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Business

2 answers:

kirill [66]3 years ago

8 0

Answer:

In addition to the mortgage payment, you must pay monthly for property taxes and repairs the property may need.

Explanation:

Real estate mortgages are also referred to as “home equity loan” and “real estate refinancing”. This modality consists of placing a settled property as collateral to be withdrawn an amount of money. There are many reasons why people put their houses in the hands of bank branches in exchange for money.

In addition to mortgaging a property, some other monthly payments must be made when it is desirable to own a private property. Among these payments it is necessary to pay monthly property taxes, these taxes refer to the supply of water, gas, sewage, among other factors. In addition, the property may need monthly repairs, this expense should also be considered.

Pie3 years ago

5 0

Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.

Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts.

You might be interested in

Of money's three functions, the one that distinguishes money from other assets is:

NNADVOKAT [17]

Answer:

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

5 0

4 years ago

[04.02 MC] A supply and demand graph, showing quantity on the x axis from 0 to 60 in 10 unit increments. Price is on yaxis from

Anvisha [2.4K]

The statement that describes the result is At that price, quantity demanded exceeds quantity supplied. This is because the quantity of the demanded product from the consumer has higher range than the amount of supply from the market. This can results into shortage

4 0

3 years ago

In the five forces model, the __________ that companies compete against one another for customers, the _________ the level of pr

slava [35]

<span>In the five forces model, the more that companies compete against one another for customers, the lower the level of profits is likely to be for that industry.</span>

3 0

4 years ago

Class, Let's work on this together. Becca would like to organize BMI as either an LLC or as a C corporation generating a 4 perce

kodGreya [7K]

Answer:

LLC Description C Corp. Description

(1) Pretax earnings $18,000 4%*$450,000 $18000 4%*$450,000

(2) Entity level tax 0 $2,700 15% × (1)

(3) After-tax entity earnings $18,000 (1) – (2) $15,300 (1) – (2)

(4) Owner tax $5,040 (3)*28% $2,295 (3)* 15%

(5) After-tax earnings $12,960 (3)- (4) $13,005 (3) – (4)

6 0

3 years ago

Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p

andrew11 [14]

Answer:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Explanation:

Note: The merged data given in the question are sorted before answering the question as follows:

Cash Receipts Cash payments

January $ 518,000 $ 461,500

February 403,000 346,500

March 467,000 523,000

Explanation of the answer is now given as follows:

Note: See the attached excel file for the cash budget.

In the attached excel file, the following calculations are made:

January loan repayment = January Preliminary cash balance - Minimum required cash balance = $105,500 - $50,000 = $55,500

March Additional loan = Minimum required cash balance - March Preliminary cash balance = $50,000 - $5,555 = $44,445

From the attached excel file, we have:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Download xlsx

7 0

3 years ago