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
Naddik [55]
3 years ago
7

Creditors often include several requirements in a mortgage contract in order to protect their interests. In order to ensure that

the borrower does not refinance too quickly, they often include a _____ clause. The contract often requires the homeowner to _____ the property to sustain its value. Homeowners often must provide proof of homeowner's _____ to protect the lender in case of a loss. Finally, if the debtor borrows 80% of the value of the home or more, the creditor may require _____ insurance.
Business
1 answer:
muminat3 years ago
5 0

Answer:

prepayment penalty, maintain, insurance, mortgage

Explanation:

Prepayment penalty clause relates to the situation that the borrower shall not prepay the borrowed amount as to the creditor it will be loss in the form of interest, thus, it do not want that the borrower shall collect from any other source.

The property should not loose its value, or the value shall not be degraded as that will result in loss, as when the borrower fails to repay the loan, creditor has the right to sell it, if it will not be maintained the value will degrade.

Insurance is required so that same as in above mentioned point that the value is not lost, and then the value of loan is fully recoverable.

If the value of loan exceeds 80% of value of property there shall be mortgage as the lender ensures his payment and no failure shall be there.

You might be interested in
Assuming that taxes and net exports are zero, government purchases of goods and services are equal to $12, and gross private dom
levacccp [35]

Answer:

GDP= $22

Explanation:

The groos domestic product (GDP) formula is:

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)

The problem gives the following information:

G= $12

I=$10

X-M= $0

We do not have information about consumption, then we assume is zero.

GDP= $0+$10+$12+$0

GDP=$22

7 0
3 years ago
Schwan's Sales Enterprises of Marshall, Minnesota, manufactures and markets a full line of frozen foods in 49 states using door-
xxTIMURxx [149]

Available options are:

A. direct channel.

B. indirect channel.

C. facilitated channel.

D. customer-service channel.

E. truck jobber channel.

Answer:

A. Direct channel.

Explanation:

The use of direct channel is prominent in the ice-cream industry which sales its products by using a music which triggers the sense that the ice-cream is just at my next step and the products at offers are from low cost to high cost to make maximum sales. The type of channel in which the salesmen sell their product by moving door to door is often refferred to as Direct channel.

3 0
3 years ago
Red Raider Company uses a plantwide overhead rate with direct labor hours as the allocation base. Next year, 560,000 units are e
andrew11 [14]

Answer:

d. $11.11 per unit

Explanation:

Plant wide overhead rate = Total manufacturing cotsts / Total direct labor hours

Plant wide overhead rate = ($2,530,000 + $900,000) / (168,000+110,000)

Plant wide overhead rate = $3,430,000 / 278,000

Plant wide overhead rate = $12.34 per DLH

Overhead cost per unit = Plant wide overhead rate * Direct hours per unit

Overhead cost per unit = $12.34 * 0.90

Overhead cost per unit = $11.11 per unit

7 0
3 years ago
What are examples of explicit cost?A. the amount of money the owner could have made by investing in an alternative activity B. t
STatiana [176]

Answer:

B. the cost of the business owner’s time and labor paying for gas for a company vehicle

Explanation:

Explicit cost are known as actual costs. They are costs incurred in the running of a business or in the production process . They are usually reported in the financial statements.

Implicit costs are opportunity costs.

4 0
3 years ago
In preparation for introducing a new doll to the market, a toy company advertises and creates so much demand that little girls a
maxonik [38]

Answer:

Price Skimming

Explanation:

Price skimming is one kind of price-setting strategy where marketers set a relatively higher price when the product launch initially in the market. Generally, the producer sets a higher price rather than it should prevail in the market, and later on, the price goes down due to lower demand. Price skimming strategy only applicable to a new product that is about to launch in the market. It is generally done by fancy advertising of the product.

3 0
3 years ago
Other questions:
  • Bob deposits $1,500 at the beginning of each quarter for sixteen years in a fund earning a nominal rate of interest of 6% conver
    10·1 answer
  • What is markerting management
    9·1 answer
  • What is the net operating income for the month under absorption costing?
    15·1 answer
  • The owners of a chain of​ fast-food restaurants spend $ 25 million installing donut makers in all their restaurants. This is exp
    9·1 answer
  • Sisyphean Bolder Movers Incorporated has $10 billion debt, a total equity capitalization of $50 billion, and a beta of 2.0. Incl
    10·1 answer
  • On January 2, 2021, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estima
    12·1 answer
  • Can someone please help me with this question!
    12·1 answer
  • Direction: Write HURRAY to statements that expresses correct thought and HEPHEP if not.
    5·1 answer
  • If an increase in the price of good e leads to a large decrease in the demand for good f, what is the relationship between the t
    10·1 answer
  • Where do you report a stolen credit card to efta standards or pci standards
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!