$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.
To learn more about mortgage refer :
brainly.com/question/24040386
#SPJ4
<span>The "medium" is the form a message takes and the "channel" is the system used to deliver the message.
</span>
A communication channel alludes either to a physical transmission medium, for example, a wire, or to an intelligent association over a multiplexed medium, for example, a radio station in media communications and PC organizing. Link or wire line media utilize physical wires of links to transmit information and data.
Please give me the image for more information.
Answer:
ke=0.1922
Explanation:
Where:
We=weight of common equity in the capital structure
ke=cost of equity
Wd=Weight of debt in the capital structure
kd= Cost of debt i.e yield to maturity on the bonds
t= tax rate.
Since WACC is estimated to be 14.8%
=0.192154
Answer:
The theory of efficiency wages why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor is due to these reasons:
Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity.
Paying higher wages can reduce a firm's training costs.
Paying higher wages encourages workers to be more productive.
Explanation:
Payment of higher wages increases the efficiency and productivity of the workers.
Also, payment of higher wages gives room for self-motivation among workers. Therefore, much training is not required leading to a reduction in training cost.