Lenders who foreclose on FHA-insured loans are compensated with the outstanding sum plus expenses.
<h3>What is a loan with FHA insurance?</h3>
An FHA-approved lender offers a mortgage loan that is guaranteed by mortgage insurance from the US Federal Housing Administration. Lenders are safeguarded from losses through FHA mortgage insurance. A government-backed mortgage that is insured by the Federal Housing
Administration is known as an FHA loan. FHA home loans are particularly well-liked by first-time homeowners since they have lower minimum credit score requirements and down payments than many conventional loans. Lenders are safeguarded from losses through FHA mortgage insurance.
If a property owner defaults on their mortgage, we'll pay a claim to the lender for the unpaid principal sum. Lenders are able to provide more mortgages to homebuyers because they are taking on less risk.
To learn more about FHA-insured loan, refer to:
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False because customer service can mean taking stuff back and dealing with people on the phone
Answer:
weighted average
Explanation:
An advantage of the weighted average costing method is that the cost of goods sold approximates its current cost. This is mainly due to the fact that the cost of each unit is made equal to the same cost of all units that are currently available for sale during that extended period of business. Therefore approximating its total current cost.
Answer:
Interest= $62983
Explanation:
Giving the following information:
Number of periods = 20*4 = 80 quarters
Interest rate= 0.05/4= 0.0125
Future Value= $100,000
<u>To calculate the interest earned, we need to determine the initial investment (PV) and deduct the interest from the final value.</u>
<u></u>
PV= FV/(1+i)^n
PV= 100,000/(1.0125^80)
PV= 37,016.68
Interest= 100,000 - 37,016.68
Interest= $62,983.32
