Answer:
$76,000
Explanation:
Data provided in the question:
Principal amount left to pay on mortgage = $80,000
Appraised value of the home = $156,000
Now,
The equity she is having in her home in her home will be
= Appraised value of the home - Principal amount left to pay on mortgage
or
The equity she is having in her home in her home = $156,000 - $80,000
or
The equity she is having in her home in her home = $76,000
Answer:
I for one think that B is the answer.
The answer to this question is "loan out".
A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.
Ok, I'm going to tell you how to calculate it and the answer.
so what you do is add up your assets and then add up your liabilities.
then you subtract your liabilities from your assets in this case your assets add up to 4,700 and your liabilities add up to 3,500.
then you subtract 4,700 from 3,500 since your liability is a lower number.
And then your answer would be $1,200 dollars hope it helped :D
Answer:
28%
Explanation:
Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).
Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.
