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ioda
2 years ago
8

For a conventional, conforming loan, the borrower is making a down payment of 12%. The seller wishes to contribute to closing co

sts for the transaction. What is the most that the seller can contribute
Business
1 answer:
maxonik [38]2 years ago
5 0

In such a scenario, the most the seller can contribute to the closing costs is up to<u> 6%. </u>

<h3>When can seller contribute to closing costs?</h3>
  • The borrower must make a down payment of an amount between 10% and 24.9%.
  • The loan must be conforming.

As the down payment of 12% falls within the 10% and 24.9% range, the seller can make a contribution of up to 6% should they please.

In conclusion, they can contribute 6%.

Find out more on conventional loans at brainly.com/question/1130069.

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When looking at developing a particular residential project in a market, the most important factors in figuring out the market a
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Answer: employment opportunities and commuting ranges.

Explanation:

When looking at developing a particular residential project in a market, the most important factors in figuring out the market area are employment opportunities and commuting ranges.

One should look at the employment opportunities that such project will bring as this is vital to improving the standard of living of the people in the area. One should also look at the commuting ranges as that is vital too.

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3 years ago
A promise or order is only considered negotiable if ________. it states that the promise or order is subject to or governed by a
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For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract. 

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3 years ago
A coal mine cost $ 1 comma 001 comma 000and is estimated to hold 57 comma 000tons of coal. There is no residual value. During th
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Answer:

Depletion expenses for the first year is $210736.840

Explanation:

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2 years ago
Some companies may restrict what types of perfume or cologne may be worn in their workplace.
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The following information relates to Bonita Co. for the year ended December 31, 2017: net income 1,298 million; unrealized holdi
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Answer: a) $(11.3) million

b)$1,286.7million

c)$40.6 million

Explanation:This does not involve lengthy explanation.

(a) Other comprehensive income for 2017 =unrealized holding loss =available-for-sale securities during the year= $(11.3) million

(b) Comprehensive income for 2017= net income-unrealized holding loss =

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