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
nadezda [96]
3 years ago
11

A house in under contract of 260,000, an appraised for 240,000. The buyer will get an 80% to value and the lender will changer 1

.5 points. How much money does the buyer need to complete the sell?
Law
1 answer:
Anettt [7]3 years ago
4 0

Answer: $70,880

Explanation:

The lender will loan out 80% of the value of the house:

= 240,000 * 80%

= $192,000

They will charge a loan origination fee of 1.5% so the net loan is:

= 192,000 * (1 - 1.5%)

= $189,120

The buyer needs $260,000 to complete the sale so the amount needed is:

= 260,000 - 189,120

= $70,880

You might be interested in
Which part of the declaration of independence acts as an implied plan of action
svetlana [45]

Answer:

the body

Explanation:

The Declaration of Independence is the document referring to the time when the US was founded, we can consider this document as the founding document of the country, as through it the country can completely detach itself from British rule. This statement was approved by the Continental Congress on July 4, 1776, and has in its text the genius of Thomas Jefferson.

Regarding the structural declaration of independence, we can state that the body of the declaration acts as an implicit plan of action, since the laws and practices discussed therein were written in a proposition but not formally expressed; not manifestly stated and subject to change.

4 0
3 years ago
Question 6 of 10
cestrela7 [59]

Absolute Advantage

Explanation:

just got it right on my test?

6 0
3 years ago
Read 2 more answers
What are the tiny lines found on fingers, Palms, toes, and soles called
Afina-wow [57]
Palmar flexion creases
8 0
3 years ago
What if trump become the predisent sorry i don't now how to spell
larisa [96]

Answer:

the world would slowly collapse because he does not believe climate change or pollution is a issue

Explanation:

trump is a crazy orange man

3 0
3 years ago
Read 2 more answers
¿ En qué momento nuestra sociedad se empodera? .
AveGali [126]

Answer:

The empowerment staff is achieved when it passes from the dependence on the interdepence though the indepence, achieving this last state the person manages to empower his life by having complete control of his actions,self control, high esteem, complete security in his person

3 0
2 years ago
Other questions:
  • Is a way to minimize technical problems with your computer.
    11·1 answer
  • According to the constitution, congress
    11·1 answer
  • Using what you gathered in your Civic Discourse organizer, write a paragraph expressing your opinion on your chosen
    9·1 answer
  • This is so unhelpfull these answers are noobish
    15·2 answers
  • Yall please help me!!I need to turn this is asap like very soon​
    10·1 answer
  • What does PAR stand for?
    15·2 answers
  • How do I cancel a reoccurring credit card charge from Brainly that my daughter gave without authorization?
    5·2 answers
  • Nbayoungboy is the best at what
    12·1 answer
  • The role of governance in the process of development
    7·1 answer
  • If I have disturbed the neighbours, can the landlord hand me an N5 form and evict me right
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!