For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.
<h3>What is a mortgage loan?</h3>
A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.
Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.
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Answer:
Staff function
Explanation:
Staff function -
It refers to the secondary function in a business , which supports the company , is referred to as the staff function .
The staff function refers to all the function that are not line functions .
The people need to research , investigate and advise to the line managers .
Hence , from the given scenario of the question ,
The correct answer is staff function .
Answer:
Multiple listing service
Explanation:
Multiple listing service is services that incorporated by a broker to collect information about any property.
The purpose of this service is to provide the details to a broker about the property listing by the seller.
Different tools are used by the broker that shows the listing of the seller of a property to share the detail information about a property to find any potential buyer.
Answer:
Increase
Explanation:
Note: <u>The given answer is based upon the assumption that the inventory is sold at fair market value</u>.
In the given case, Hunter company would be termed as an "associate" since the quantum of investment of Gunter in Hunter is more than 20% but less than 50%.
Profits earned by Hunter also belong to the Hunter company in proportion to the percentage of investment held, which would comprise of it's cost of control or added to it's own income as per the case.
In the given case, the difference between fair value and book value reflects profit. Gunter's share in such profits shall be added to it's investment revenue which would increase it's investment revenue.
Answer: Please see explanation for answer
Explanation:
Journal entry to record sale of bonds
Account titles Debit Credit
Cash $50,000,000
Bonds Payable $50,000,000
