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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.

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Answer:

be a citizen of the United States

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not be serving a sentence for conviction of a felony involving moral turpitude

not have been judicially determined to be mentally incompetent, unless the disability has been removed

Explanation:

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3 years ago
How could a disease such as the Black death cause feudalism to decline? Will mark brainliest​
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3 years ago
How did The Crusades contribute to the Age of Exploration? A) They created a desire to spread Christianity among the American na
nignag [31]

The Crusades contributed to the Age of Exploration by creating a desire in Europe for new products and new trade routes to the East.

Answer: Option B

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3 years ago
When you demonstrate active listening, you show agreement with the message. true or false
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Answer: false

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3 years ago
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Tang Dynasty influenced military authority over Central Asia which included Korea, Japan and Siberia and central China whereas song dynasty influenced only a part of china but its cultural impact was felt in other nations too. Song Dynasty gave little importance to military power and encouraged Confucian intellectuals for advocacy.

Tang Dynasty allowed many religions to be followed in his rule; they were Buddhism, Islam, Taoism, Christianity, and Judaism. But song Dynasty favored only the teachings of Confucius. Tang Dynasty was known for poetry while song dynasty promoted paintings. Both the dynasties are similar in creating a cultural impact on other nations.

8 0
3 years ago
Read 2 more answers
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