1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LuckyWell [14K]
3 years ago
7

Required by the Truth-in-Lending Act, the annual percentage rate (APR) is reported by the lender to the borrower on virtually al

l U.S. home mortgage loans. The APR accounts for all of the following EXCEPT:
A. All finance charges in connection with the loan, such as discount points, origination fees, and underwriting fees.
B. All compensation to the originating brokers if one was used by the borrower.
C. Any prepayment of principal to be made on the loan.
D. Premiums for required forms of insurance
Social Studies
1 answer:
juin [17]3 years ago
6 0

Answer:

C. Any prepayment of principal to be made on the loan

Explanation:

Required by the Truth-in-Lending Act, the annual percentage rate (APR) is reported by the lender to the borrower on virtually all U.S. home mortgage loans. The APR accounts for :

All finance charges in connection with the loan, such as discount points, origination fees, and underwriting fees; All compensation to the originating brokers if one was used by the borrower; Premiums for required forms of insurance except Any prepayment of principal to be made on the loan, Prepayment is a facility that helps you repay your housing loan if your have more than enough money before the end of your loan tenure and it helps to reduce interest burden.

You might be interested in
Which of the following is true about human population distribution by age and gender? a. Women suffer higher mortality rates tha
Drupady [299]
Women have lower mortality rates than men and live longer in general than men. This is for a number of reasons including life decisions, physiological factors, and other factors. 
8 0
3 years ago
Read 2 more answers
That's not the answer i just took the test ?
My name is Ann [436]
Wat??
im very lost >.<

4 0
3 years ago
Why did nixon resign from office what were the circumstances?
balandron [24]
President Nixon...the watergate scandal. 

Pres. Nixon's election committee broke into the DNC (<span>Democratic National Committee's) headquarters attempting to wire-tap phones and steal classified documents, which would give his party (republican) a HUGE advantage in the election. However, this didn't last too long because their plans were discovered and Pres. Nixon decided to pay the thieves large sums of money to keep their mouths quiet. (This was called the Watergate Scandal because they broke into the Watergate Hotel, Washington D.C..

The media laid a massive load of pressure on him, and congress told him he would have to resign, or be impeached.

Nixon didn't want to be known as the first president to be kicked out, so he resigned to be remembered as the first president to resign from his current state in office. </span>
6 0
3 years ago
At which point does Canada's mixed market economy fall on the line between peer market and command
Crazy boy [7]

Answer:

In both these early ventures the Canadian people and their government were giving bold to the United States, has not believed in divorcing these lines of business. Also been commonly public enterprises from the time they were first installed. The collapse of the grain market shattered the foundations of their economic life.

Explanation:

5 0
2 years ago
What is the so-called ‘One Drop’ rule in the U.S.?
Veseljchak [2.6K]

Answer:

One drop rule means that if you have a single drop of 'black blood, meaning if any of your ancestors, cousins, and/or parents carried African American genetics, it would make you black. It was a way to segregate the white and black people.

Explanation:

3 0
2 years ago
Other questions:
  • What might be the reason for the shift of the aggregate supply curve from AS to AS1?
    12·1 answer
  • What was the purpose of starting slavery
    13·2 answers
  • Which of the following is not part of the biosphere
    13·1 answer
  • Which of these is most likely the US government's aim in taxing imported good ?
    6·1 answer
  • In a republic...
    14·2 answers
  • In the cognitive-experiential self-theory (CEST), people use two major psychological systems simultaneously to adapt to the worl
    14·1 answer
  • How did Northerners feel about another war with Great Britain? How did Southerners feel about the war?
    10·1 answer
  • Help ASAP!!!! Giving brainliest if correct!!!
    12·2 answers
  • Why do young people find the transiton between school and tertiary challenging​
    10·1 answer
  • Describe some of the geopolitical factors of the British Empire?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!