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tankabanditka [31]
3 years ago
8

________________ mortgage is two or more mortgages consolidated into one payment, and is usually designed to allow the buyer to

purchase with a smaller down payment, with the added benefit of a below market interest rate first mortgage. The sellers receive all of their cash at the time of closing, while the lender wraps new money around an existing assumable loan. This type of loan limits its use to homes with an existing FHA or VA loans because most other conventional loans have alienation or due on sale clauses.
Business
1 answer:
azamat3 years ago
8 0

Answer:

wrap around mortgage

Explanation:

A wrap-around mortgage is can be used in deals of owner-financing.

Wrap around mortgage refers to two or more mortgages consolidated into one payment. Such type of mortgage allow the buyer to purchase with a smaller down payment. A buyer also gets an added benefit of a below market interest rate first mortgage. A wrap-around mortgage can only be used to homes with an existing FHA or VA loans.

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Which statement about NTDs is FALSE?
Andreyy89

Answer:<u><em> NTD control is not a best buy in global health, causing additional challenges.</em></u>

(NTDs) stand for Neglected tropical diseases which are a unit of parasitic diseases that grounds significant sickness for people all around the globe. Mostly affecting world’s hapless individuals, It damages bodily and cognitive improvement.

<em>Therefore, it can be said that NTD controls are crucial all around the world.</em>

<u><em>The correct option is (a)</em></u>

3 0
3 years ago
A(n) ______ is a type of compensation arrangement where an agency charges a client a fixed monthly amount of money for all of it
ivanzaharov [21]

Answer:

The correct answer is E

Explanation:

Fee-commission combination is the term which is described as an agency which charges the fixed fee and it is charged on monthly basis for the services that is offered to the clients and the medial commissions earned are the one who are retained by the agency.

Therefore, the fee-commission combination is the kind of compensation contract where the agency charges the client a fixed monthly payment for the services.

7 0
3 years ago
Lupe made a down payment of $2200 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a
BlackZzzverrR [31]

Answer:

Cash price of the car

= Down payment + A(1 - <u>(1+r/m)</u>-nm

                                            r/m

= $2,200 + $200(1-<u>(1+0.11/12</u>)-4x12

                                  0.11/12

= $2,200 + $200(1-<u>(1+0.0091666667</u>)-48

                                0.0091666667

= $2,200 + $200(1-(<u>1.009166666667</u>)-48

                               0.0091666667

= $2,200 + `$200(38.691421)

= $9,938

Explanation:

The cash price of the car is equal to the down payment plus the present value of the monthly installment.  The present value of the monthly installment is obtained by using present value of annuity formula.

7 0
3 years ago
The idea that the relationship between a worker and employer is voluntary and can be terminated at any time, by either party, is
kiruha [24]

Answer:

The correct answer is letter "A": employment-at-will doctrine.

Explanation:

The employment-at-will doctrine is an organizational practice in which employers could terminate labor relationships at any moment with no need for explanations and workers as well could cease the relationship without major reason. This practice aimed to avoid lawsuits between employers and workers.

4 0
3 years ago
The government uses the revenue from taxes to pay for goods and services for the community. True False
nexus9112 [7]
The answer is true because without our tax maney we wouldnt have goods and services.
6 0
3 years ago
Read 2 more answers
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