$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.
<h3>What is Private Mortgage Insurance (PMI) ?</h3>
Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.
In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.
It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.
Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.
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Due to his charming appearance, advanced age, dignified "stillness" of character, and ownership of the conch,
Leadership Qualities.
#1: A good leader must be accountable to both the group for which he is responsible and to himself.
#2: In every event that he and the organization may encounter, a strong leader must be proactive rather than reactive.
#3: A successful leader needs to be accepting of all viewpoints from his group members.
What is Leadership?
Leadership is both a topic of study and a practical aptitude that refers to the capacity of an individual, group, or organization to "lead," influence, or guide other individuals, groups, or entire organizations. It's common to view "leadership" as a divisive concept. In specialized literature, the issue is discussed from a variety of angles, oftentimes drawing comparisons between Eastern and Western leadership styles as well as (within the West) North American and European types.
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<span>The percentage of new sales is $3,368.00</span>
Answer:
<u><em>By means of a budget he prepared.</em></u>
Explanation:
According to the information available, Shing-fong has a carefully thought out strategy. Here's some of what he does;
- he keeps tracks of his finances by means of a budget plan.
- he views all his transactions also checking his debit or credit cards to keep track of how much he spends
- Shing-Fong avoids eating out as much as he used to and preparing cheaper food at home.
- he also avoids unnecessarily spending with friends whenever he is invited.
Answer:
C. The firm will not change output but earn a lower profit
Explanation:
So when there is a lump sum tax imposed on the firm, it would cause the extra costs added to the firm's fixed costs. As the variable costs are not affected, the marginal cost remains unchanged.
However, it would shift the ATC (average total cost) curve upward due to the increase in fixed costs - leading the loss.
So that, the firm will not change the output but earn lower profit.
