All categories

3 years ago

What do borrowers use to secure a mortgage loan?

Business

2 answers:

Sav [38]3 years ago

8 0

Answer:

C,D,and E

Explanation:

For a mortgage to be secure it needs to be backed up by a valuable asset such as your car your house or land.

mylen [45]3 years ago

6 0

Answer:

A. and B.

Explanation:

mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.

You might be interested in

State whether the following sentences are true or false regarding the nature of fiduciary-type funds and the accounting measurem

geniusboy [140]

Answer:

a. Governments may access the resources of fiduciary funds to help support their own programs.

True

b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not.

True

c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance.

True

d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.

True

Explanation:

7 0

3 years ago

On January 1, 2017, Ellison Co. issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payabl

sergiy2304 [10]

Answer:

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. Assuming the bond is an annual bond, the semi coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 6,000,000 * 0.06 * 6/12 = 180 ,000

Total periods (n) = 8 * 2 = 16

r or YTM = 0.08 * 6/12 = 0.04 or 4%

The formula to calculate the price of the bonds today is attached.

Bond Price = 180000 * [( 1 - (1+0.04)^-16) / 0.04] + 6000000 / (1+0.04)^16

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

8 0

2 years ago

Please someone answer this for me. I will give brainliest points

Ket [755]

Your answer would be severity (:

5 0

3 years ago

Demur Inc., a manufacturing company, has provided the following data for the month of April. The balance in the Work-in-Process

Verizon [17]

Answer:

$135,400

Explanation:

Given that,

Beginning Work-in-Process Inventory = $10,800

Ending Work-in-Process Inventory = $22,800

Direct materials cost = $63,800

Direct labor cost = $39,800

Actual manufacturing overhead cost = $40,800

Manufacturing overhead cost applied to Work-in-Process = $43,800

Prime cost = Direct materials cost + Direct labor cost

= $63,800 + $39,800

= $103,600

Factory cost = Prime cost + Manufacturing overhead cost applied

= $103,600 + $43,800

= $147,400

Cost of goods manufactured for April:

= Factory cost + Beginning Work-in-Process Inventory - Ending Work-in-Process Inventory

= $147,400 + $10,800 - $22,800

= $135,400

6 0

3 years ago

On January 2, 2018, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De

4vir4ik [10]

Answer:

$3,354.

Explanation:

$95,842 * 0.035 = $3,354.

5 0

3 years ago