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2 years ago

How old do you have to be to get a reverse mortgage

Business

1 answer:

Murljashka [212]2 years ago

6 0

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

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The buyers purchased a residence for $195,000. They made a down payment of $25,000 and agreed to assume the seller's existing mo

Phoenix [80]

Answer:

Option (d) purchase-money mortgage

Explanation:

Option (d) purchase-money mortgage

A purchase-money mortgage is a sort of mortgage issued to the customer or buyer of the property, in which the owner or the seller of the property himself lends the load to the buyer to buy the property.

This type of condition arises usually when the buyer is not able to get the loan from the traditional channels like the bank due to various reasons.

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3 years ago

Economists consider governments to be "wasteful:" - whenever they over- or underallocate resources to a project. - only when the

ahrayia [7]

Answer:

The correct answer is: whenever they over- or under-allocate resources to a project.

Explanation:

A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.

In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.

In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.

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2 years ago

The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on

daser333 [38]

Answer:

1. Determine the total compensation cost pertaining to the restricted stock.

30 million x $14 = $420 million

2. Prepare the appropriate journal entries

December 31, Year 1:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 2:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 3:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 4:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

January 1, Year 4, the stocks are handed out:

Dr Additional paid in capital - restricted stock 420,000,000

Cr Common stock 420,000,000

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3 years ago

Which strategy is developed to pull together the various activities and competencies of each department so that corporate and bu

777dan777 [17]

The strategy that is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized is Functional strategy

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3 years ago

Among the activities in the value chain, assembly requires_________ labor and R&D requires __________ labor.

Dimas [21]

Among the activities in the value chain, assembly requires skilled labor and R&D requires unskilled labor. So it's C. skilled; unskilled

7 0

2 years ago