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
KatRina [158]
3 years ago
5

To obtain an FHA-insured loan, the buyers will have to pay a MIP of 1.75 points, which will be financed into the loan. What will

be the amount of their loan if FHA insures 96.5% of the appraised value and this property appraises for $210,000 (the maximum loan the FHA will insure in their area is $271,000)?
Business
1 answer:
GaryK [48]3 years ago
6 0

Answer:

$206,196.38

Explanation:

Calculation to determine what will be the amount of their loan

Loan Amount=($210,000 × 0.965)+[($210,000 × 0.965)×0.0175]

Loan Amount=$202,650+ ($202,650 × 0.0175)

Loan Amount=$202,650 + $3,546.38

Loan Amount= $206,196.38

Therefore What will be the amount of their loan is $206,196.38

You might be interested in
Standards for the Code of Ethics for Market Intelligence Professionals includes to manipulate the data as the researcher sees fi
aalyn [17]

Answer:

to provide honest and realistic recommendations and conclusions in the execution of one's duties

to comply with enforced laws,

Explanation:

6 0
3 years ago
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Arte-miy333 [17]
The correct answer is

8 0
3 years ago
The two major markets in the circular flow of income and expenditure are the:________
Arada [10]

Answer:

[2] goods market and factor market.

Explanation:

The circular flow of income shows how exchange of money, goods and services occur in an economy.

the two flow circular income model consists of an household and a firm.

The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.

households then go to the goods market to purchase goods and services.

3 0
3 years ago
Where are did spain settle in
Natasha2012 [34]
Christopher Columbus discovered the Jew World, but did not know that it was an unknown world. Because of his voyages, Spain was ablemto settle in present-day Florida and Mexico. Spain also settled down in most of Latin America. Also, Spain settled in half of South America. Although, now al of the places they settled in have revolted and gained independence from Spain, or were sold to other countries and later got their independence.
6 0
3 years ago
Why should you study more difficult topics first?
nexus9112 [7]

Answer:

b

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following correctly describes NIMS? A. A communications plan. B. A static system used during large-scale incidents.
    14·2 answers
  • When choosing fonts for a powerpoint slide, you should usually use?
    6·1 answer
  • Which of the following is NOT an individual characteristic influencing consumer behavior? A) culture. B) attitudes. C) task defi
    9·1 answer
  • Do you think a luxury brand can ever be called good value? Explain your answer
    9·1 answer
  • For all practical purposes, listed stock options always expire
    13·1 answer
  • 2. Roth retirement funds require you to pay taxes on your investment dollars up-front, while
    10·1 answer
  • Any one Indian here I'm from India.​
    13·1 answer
  • Identify what concept is represented in the following scenario, and explain why.
    13·1 answer
  • True or False: A company should capitalize advertising expenses if they are expected to produce long term benefits. Group of ans
    12·1 answer
  • Lila and Jillian both own small businesses in the town where they live. The women are friends and often get together to discuss
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!