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
ELEN [110]
3 years ago
7

What is the main difference between ballon mortgage and arm

Business
2 answers:
LenKa [72]3 years ago
4 0

Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

OverLord2011 [107]3 years ago
3 0

Explanation:

Mortgages is a legal document between the lender and the borrower. Lender can be a bank or a financial institution which takes the borrower's property as a collateral and charge a percentage of interest on the money. A Balloon mortgage is a loan in which the borrower has to pay the lump sum amount to fulfill repayment. Balloon loans are short term duration loans. These are interest only installment payments. ARM Mortgage is the Adjustable Rate mortgage in which the percentage of interest is adjusted periodically on the basis of index

You might be interested in
Which of the following is not an example of<br> institutional consumers?
Murljashka [212]

Answer:

which of the following but where are the following broo

4 0
2 years ago
Fairfield company's raw materials inventory transactions for the most recent month are summarized here: beginning raw materials
astraxan [27]

<u>Calculation of raw materials cost added to the work in process inventory account during the period:</u>

Raw materials issued using materials requisition 1445 for Job 101  = $25,000

Add: Raw materials issued using materials requisition 1446 for Job 102 = $35,000

Add: Materials requisition 1447 used on multiple jobs 1= $30,000

Total raw materials cost added to the work in process inventory account during the period =<u> $90,000</u>


4 0
3 years ago
Marcy and Liz developed a new jewelry design. They were fortunate to get the attention of a large online retailer who was willin
snow_tiger [21]

Answer: Exclusive distribution

Explanation:

Exclusive distribution is defined as the agreement in which a parties involved are manufacturer and distributor.It states that the particular distributor cannot sell their service or item to any other party .It binds the agreement that product can be sold to the exclusive distributor.

According to the situation mentioned in the question, designers are asked for exclusive distribution by the retailer.Retailer does not wants that design of jewelry to be sold through any other source or retailer for effective sale.Thus agreement upon this matter is proposed by the retailer.

6 0
3 years ago
Select the correct answer.
GrogVix [38]

Answer:

A

Explanation:

trust me it is

7 0
3 years ago
The government of country a has determined there is a coal shortage based on mining reports. as a result of these data, the gove
yulyashka [42]
The appropriate response is Allocate Resources, asset portion is an arrangement for utilizing accessible assets, for instance HR, particularly in the close term, to accomplish objectives for what's to come. It is the way toward designating rare assets among the different undertakings or specialty units.
4 0
2 years ago
Read 2 more answers
Other questions:
  • A product mix is the combination of ___________ offered by a manufacturer. product lines loss leaders unsought goods and service
    6·2 answers
  • Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek mo
    12·1 answer
  • The adjustment to record supplies used during the period would​ be:
    13·1 answer
  • Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $
    15·1 answer
  • Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:
    12·1 answer
  • A ________ identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use
    9·1 answer
  • Which of the following statements is correct when considering a SWOT analysis? Group of answer choices1. Strengths and threats o
    7·1 answer
  • The cost for system 1 of dispensing maps is:
    15·1 answer
  • Mr. Manning is looking to invest in a one-year stock option and has four possible options. The four options have various rates o
    7·1 answer
  • If a management team wishes to undertake efforts specifically aimed at helping the company meet or beat the investor-expected in
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!