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mr Goodwill [35]
3 years ago
5

In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who decides to use an FHA mortgage l

oan will normally pay an additional annual mortgage insurance premium (MIP) that depends on the loan-to-value ratio and the term of the loan. As of 2019, the MIP ranged from ____________ percentage of the average annual loan balance
Business
1 answer:
Crank3 years ago
8 0

As of 2019, the MIP ranged from <u>0.8 percent to 1.05 percent</u> of the average annual loan balance.

This is usually based on the MIP on a 30-year loan range. Alternatively, the MIP ranges between $800 to $1,050 for every $100,000 borrowed.

The exact amount of MIP to be paid by borrowers depends on the actual amount borrowed and the down payment or equity made.

MIP stands for Mortgage insurance premiums which the Federal Housing Administration mortgage borrowers pay.

Hence, in this case, it is concluded that the correct answer is <u>0.8 percent to 1.05 percent.</u>

Learn more here: brainly.com/question/22490844

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Explanation:

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3 0
3 years ago
When Krystal Ginger graduates from culinary school she dreams of opening her own Asian fusion restaurant. Her other passion is s
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The answer is A.) Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.

Explanation:

8 0
3 years ago
Suppose the Federal Reserve releases a policy statement today which leads people to believe that the Fed will be enacting expans
bekas [8.4K]

Answer:

<h2>An expansionary monetary policy by the Federal Reserve would lead to an <u>increase </u> in the demand for US assets and a <u>depreciation</u> in the value of US dollars.Hence the correct answer is option D) or increase;depreciate.</h2>

Explanation:

An expansionary monetary policy commonly entails expansion of money supply thereby reducing the eventual interest rate in order to boost or stabilize the Aggregate Demand(AD) and overall output level or GDP in the economy.Now,as the domestic interest would fall in US due to the expansionary speculations and inflationary indications(increase in money supply),it would consequently lower the value of the US dollars relative to other foreign currencies.This implies that US dollar would depreciate compared to other foreign currencies.This possibility would encourage the importers and international investor or financiers to become more attracted towards the US goods,services and financial assets thereby increasing their demands.Therefore,a depreciation of US dollars would essentially lead to an increase in the demand for US assets in the international market as depreciation of US dollars would also lower the value of US assets in the international market.

3 0
3 years ago
You have a 12 piece cake, you divide for Vanessa because she says the ran out of lemon loaf at starbucks. Ella gives you 5 piece
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3 0
3 years ago
Read 2 more answers
A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as paym
Igoryamba

Answer:

D. $686

Explanation:

Given that

Credit sale = 750

Return = 50

Terms 2/10

Amount received in full therefore,

= [(750 - 50) - (750 - 50 {2%})]

= 700 - (700 × 0.02)

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= $686

5 0
4 years ago
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