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4 years ago

What percentage of the loan does PMI insure to protect the lender in case the borrower defaults on the loan?

Business

1 answer:

KIM [24]4 years ago

6 0

20 percent of the loan does PMI insure to protect the lender in case the borrower defaults on the loan.

Explanation:

PMI insurance essentially protects lendingers in the case of homeowners defaulting on their loans, as the homeowner has a shareholding of less than 20 percent.

PMI does not always protect the buyer, but it does provide you with a way of becoming a domestic owner unless you have a minimum payment of 20 percent.

This is a kind of conventional mortgage insurance insurers ask homebuyers to reduce their purchase price by less than 20%. You will need an insurance premium for your mortgage — the amount you earn PMI — though how you do this will vary with the creditor.

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What types of laws prevent advertisers from exaggerating the effectiveness of their products and services?

Solnce55 [7]

Answer:

Truth in advertising laws

Explanation:

Because of the Truth in advertising laws, this law requires that you don't bend the truth and to speak honestly about your products, in order to prevent potential harm. What I mean is that you can't say that eating your company's tires will cure cancer without any evidence to support this, because if people were to do that, they could actually form cancer or even die. The federal law says that companies and their ads must be truthful and not misleading.

3 0

3 years ago

An investment has the following characteristics:ATIRRP: After-tax IRR on total investment in the property: 9.0%BTIRRE: Before-ta

Strike441 [17]

Answer:

Option (A) is correct.

Explanation:

Given that,

After-tax IRR on total investment in the property = 9.0%

Before-tax IRR on equity invested = 17%

Before-tax IRR on total investment in the property = 12%

t: Marginal tax rate = 0.40

Break Even Interest rate (neither favorable nor unfavorable):

= After tax IRR on total investment ÷ (1 - Tax rate )

= 9% ÷ (1 - 0.40)

= 9% ÷ 0.60

= 15%

7 0

3 years ago

Nancy aspires to be a business development manager. What job requirements does Nancy need to fulfill? To become a business devel

Solnce55 [7]

Answer:

Nancy needs to have a bachelor’s degree or master’s degree in business administration and good communication skills.

Explanation:

The major roles that a business development manager has to perform are:

Interpret the sales lead

maintain good contacts with the clients and provide information to the new clients.

To get a job as a business development manager, a person should have a degree in business management, administration or another degree pf equivalent value.

A person aspiring for this shall have a vast knowledge about business and also should have good communication skills.

5 0

3 years ago

What have you heard or read about health insurance?

Amiraneli [1.4K]

Answer:

Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.

Health insurance provides financial protection in case you have a serious accident or illness. ... Health coverage can help protect you from high, unexpected costs. With Marketplace coverage, you'll get access to preventive services — like shots and screening tests — at no cost to you

7 0

3 years ago

Miles is three years old and his grandparents have given him money to spend at the toy store as a birthday present. miles' numbe

g100num [7]

Answer:

Fire trucks

Explanation:

Assume Miles buys a set of building blocks at $50. This increases his utility by 100 units. But in $50, he can buy 2.5 units of fire trucks and his utility can increase by 80*2.5 = 200 units. In $50, he can buy 10 trains and his utility can increase by 15*10=150 units. Since by spending $50 on fire trucks Miles gets maximum utility, he will buy fire trucks.

6 0

3 years ago