Answer:
The present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Explanation:
Payments each year = Cash flow = C = $160
Rate of Interest = r = 8% = 0.08
Present value of Perpetuity = Cash flow / rate of return
Present value of Perpetuity = C / r
Present value of Perpetuity = $160 / 0.08
Present value of Perpetuity = $2,000
So, the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Answer:
Please see answers below.
Explanation:
A. Three important Items to double check before submitting a loan application to underwriting.
• Completeness of data : One has to be sure that all important details are captured hence none is left out. It means that there are no missing information on the application.
• Calculations performed accurately: This means that calculations such as borrower's income, qualifying ratios are calculated accurately and also double checked for the purpose of the loan underwriting.
• Documentations required by the loan programme. All Documentations required by the loan programme must be double checked before submitting a loan application to underwriting.
B. List at least two things you would be sure to tell a borrower in preparation for closing
• I will seek clarity in terms of the money borrower would be bringing to the closing table.
• The date,time,venue of closing are essential for the closing hence will be communicated to the borrower. Also, there are no right or wrong answers that may be asked or given by the borrower during the closing.
C. List at least three calculations that are typically used during the course of mortgage loan transaction.
• Income calculation
• Front end and back end ratio (DTI ratio)
• Monthly payment.
Answer:
because it's only April
Explanation:
school doen't end until may
Answer:
I think its $48,950.
Explanation:
you subtract 4,000 from 52,000 which is 52,000 - 4,000 = 48,000.
then you will add that extra $950 getting you a total of $48,950.
if I'm wrong I'm sorry I'm not that good at math.
