A mortgage can be terminated by novation. Select one: True False
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A mortgage can be terminated by novation.
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- Comment on how insurance can help Bob in his current situation. Bob is a 25-year-old qualified contractor who is a subcontractor to various builders. He is earning P300,000 gross but pays P100,000 in expenses, most of which are fixed expenses ie a leased car and leased equipment. Bob rents an apartment and spends the rest of his earnings of P200,000 on living and entertainment expenses. Bob has little in the way of savings. What if Bob doesn’t have insurance? Bob has a car accident and is hospitalized for one month. He then faces a long and painful rehabilitation process of 12 months to try to regain the use of one of his arms. Even with private health insurance, there are medical bills to be paid particularly for physiotherapy and rehabilitation sessions. Bob has no income for 13 months but must continue to pay his lease costs of P100,000 per annum. What little money Bob receives in disability payments from the government won’t cover his rental costs. Bob has to move back home and…What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.An annuity pays $25,000 semiannually (every 6 months) for 12 years. An alternative investment’s APR is 10% with quarterly compounding. What is the value of this annuity?
- A homebuyer recently obtained a loan to purchase a house. The lender offered a lower interest rate because the loan is secured. Why would a real estate loan be considered a secure loan? О The loan is backed by the property itself. If the borrower defaults on the loan, the lender can sell the property to get their money back. O In order to qualify for a home loan, the borrower must have good credit. Good credit is a form of security for the lender. O All real estate loans are considered unsecure. O Most home loans are long-term loans, which are considered low-risk from the lender's perspective.Pls help ASAPIndicate whether the statement is true or false, and justify your answer.Whether a prospect is coded as a gain or as a loss can depend on how that prospect is framed.
- Jessica's house sells for $235,000 and she pays a 6% real estate commission to the listing broker, Oscar. Oscar keeps 55% and gives the co-operating broker the balance of the sales commission. If Harry, the listing broker's agent, earns 65% of the commission that his broker receives, how much commission does Harry earn? O $5.689.25 (Dollars) O $4,124.25 (Dollars) O $5.040.75 (Dollars) O $9,165.00 (Dollars)Which of these liens is most likely to be the senior lien? a mortgage lien a home equity loan lien a property tax lien a mechanic's lienWhich of the following statement is true? O For any type of derivatives, the payoffs will never be negative For any type of derivatives, the profit will never be negative There is no derivative that offers non-negative payoffs There is no derivative that offers non-negative profit All of the statements above are wrong
- A company purchased an item that is in the 7-year property class and has a cost basis of $12000. If the company purchased the item in a year that allowed 50% bonus depreciation, how much would the company be allowed to depreciate the asset in year 1 if the balance of the asset basis (after the bonus depreciation is deducted) was depreciated using the MACRS? Report your answer to the nearest dollar. Be sure to include in your answer the sum of both the bonus depreciation and the MACRS depreciation.- Consider demand: x(p₁) = 400 — 2p1 At a market price of p₁ = $125 per unit: • Determine the social loss due to moral hazard when assuming: 1. Full insurance compared to uninsured 2. A co-payment of $50 compared to uninsured 3. A 75% coinsurance rate compared to uninsuredPlease don't hand writing suliutio