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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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The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
yuradex [85]
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
900,000 - 225,000 = 675,000
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Which of the following is NOT a proposition of the Heckscher-Ohlin model? Countries will completely specialize in the product in
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Answer:

<em>Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. ( first choice)</em>

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A _______ lease covers the landlord's expected increases in expenses by increasing the rent on an annual basis over the life of
Sveta_85 [38]

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Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti
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3 years ago
Perdue Company purchased equipment on April 1, 2014, for $270,000. The equipment was expected to have a useful life of three yea
otez555 [7]

Answer:

<u>Straight line:</u>

2014 $ 65,250  

2015 $  87,000  

2016 $  87,000  

2017 $   21,750

<u>units-of-output method:</u>

2014 $ 108,750

2015 $   79,750

2016 $  58,000

2017  $   14,500

<u>dobule declining method</u>

2014  135,000  

2015  45,000  

2016  15,000  

2017  9,000  

Explanation:

<u>Straight line:</u>

(cost - salvage value) / useful life

(270,000 - 9,000)/3 = 87,000 per complete year

First year: from April 1st to December 31th

87,000 x 9/12 = 65,250

Second and third year are complete year thus, 87,000

fourth year: from Jan 1st to March 31th:

87,000 x 3/12 = 21,750

<u>units-of-output method:</u>

(cost - salvage value) / unit of output

261,000 / 18,000 = 14.5 per hour

We multiply each year hours by this rate

7,500 x 14.5 = 108,750

5,500x 14.5 =   79,750

4,000x 14.5 =   58,000

1,000 x 14.5 =   14,500

<em><u>double declining </u></em>

we multiply by twice the rate of of straight line:

1/3 x 2 = 2/3 we depreciate this amount of the carrying vbalue per year

Last year we adjust to obtain the residual value

Year   Beginning   Rate   Dep expense   Carrying value

2014     270,000     0.50     135,000     135,000  

2015     135,000     0.67     90,000     45,000  

2016     45,000     0.67     30,000     15,000  

2017     15,000                6,000      9,000  

5 0
3 years ago
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