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
Sonja [21]
3 years ago
5

A __________________ is a residential mortgage financing option in which a property is purchased using more than one mortgage fr

om one or more mortgages. Very often, a second mortgage is secured from a lender different from the one providing the first mortgage.
Business
1 answer:
Zielflug [23.3K]3 years ago
7 0

Answer: Piggyback loan

   

Explanation: Also known as second trust loan, piggy back loans refers to the borrowings when a borrower takes two loans simultaneously. In such a case, the first loan is taken at 80 percent of the home value and the second for covering the rest 20 percent down payment.  

These are considered an alternative for private mortgages.

You might be interested in
Which value gap refers to a company’s failure to accurately assess what customers really want?
fiasKO [112]

Answer:

The correct answer is: Service Quality Gap.

Explanation:

The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.

5 0
3 years ago
The main reason price ceilings are set is so that consumer prices
shepuryov [24]

Answer:

The main reason for imposing price ceilings is to protect the interests of the consumers in situations in which they are not able to afford needed commodities.

Explanation:

3 0
2 years ago
Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance,
allochka39001 [22]

Answer:

Depreciation: $4,000.00

Variable costs : $914.81  

Explanation:

The value of the car when new = $19,860.00

Values after two years =$11,860.00

Accumulated depreciation for two years

= $19,860.00 - $11,860.00

=$8,000.00

Assuming straight depreciation method, depreciation each of the two years

=$8,000.00/2

=$4,000.00

Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.

Variable costs =  $845.96 +  $68.85

Variable costs =  $914.81    

 

7 0
3 years ago
Read 2 more answers
2. Find the lump sum that must be set aside today to make quarterly payments of $9,000 for 10 years, assuming 8% compounded quar
Svetach [21]

Answer:

i need help

Explanation:

5 0
3 years ago
You and your client decide that her case is eligible and should be heard by the U.S. Supreme Court. You receive a writ of certio
forsale [732]
Writ of Certiorari: a document that orders a lower court to deliver its record in a case so that the higher court may review it.
7 0
3 years ago
Other questions:
  • Why is a relentless workaholic quickly overwhelmed?
    15·1 answer
  • Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The compa
    5·1 answer
  • Sandy uses online banking, and her bank charges her $4.99 per month. However, she has seen ads for a competing bank offering fre
    15·2 answers
  • Sam is a video game designer making $87,000 per year how much does he make per month?
    8·1 answer
  • Aria has a credit card that gives a 5% discount on every purchase and free shipping when used online. The annual percentage rate
    6·1 answer
  • What is true about departmental accountable officials with regards to pecuniary liability?
    10·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    6·1 answer
  • Fixed cost $500<br> Marginal cost $10<br> Item sells for 30$ <br> What is the cost function
    5·1 answer
  • You are bullish on Stock A. The current market price is $67 per share, and you wish to purchase 200 shares. Your plan is to borr
    10·1 answer
  • Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure. We pace
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!