What is the largest annual loan payment the lender will allow Ann to make based on the DSCR?

Q: Discusses price changes for interest rates on loans explain why this change may be taking place.

A: Interest rate are the percentage of the loan amount which the borrower needs to pay to the lender in…

Q: What else would be added to his monthly mortgage payment?

A: A monthly mortgage payment is what we pay to the lender, to repay our loan each month. it is made up…

Q: What Percentage of down- payment do you have to give to the bank when buying a mortgage

A: Down Payment : It is the Initial lump sum amount which the borrower pay before sanction of loan.…

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: You are considering giving a loan to a prospective commercial property investor. You are concerned…

A: In order to see which ratio should be looked upon one should look at the income generated by the…

Q: nterest is a method of calculating the interest to be paid on a loan by combining the principal…

A: Add on interest refers to the method which is used when the person acquire the loan or the mortgage…

Q: Why should we call an annuity a periodic payment problem?

A: Annuity- An annuity is a contract between an individual and an insurance company in which the…

Q: He then asks you to describe the advantages and disadvantages of a 15-year loan versus a 30-year…

A: Mortgages:-A mortgages is an loan that is used to purchase various assets like home, land etc. In…

Q: hat relationship exists between the length of the loan and the monthly payment? How does the…

A: Loans are paid by the monthly payments that are fixed payments and the monthly payments carry the…

Q: site, find another.) Type in a nome price of $300,000. Leaving all other entries as they are, enter…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: What do we know about a loan, which is said to have annuity payments? a. This loan has annual…

A: The loan can be referred to as the debt amount that the borrower takes till certain maturity period…

Q: what is the best thing to consider in solving general ordinary annuity?

A: Annuity means a set of finite number of payments which are the same in size and made in equal…

Q: What’s the difference between an ordinary annuity and an annuity due?

A: Annuity is the fixed sum paid on annual basis. In other words, annuity is the series of payment…

Q: If you were taking out a loan and the interest rate was the same either way, would you want it to be…

A: Simple interest is the interest payable on principal or borrowed amount only. Compound interest is…

Q: All of the following typically would be considered when estimated sellers cost except ------…

A: all of the above will be considered as estimated seller cost except " Pre payment Penalty"

Q: What type of retirement account is best?

A: One of the best retirement plan Public provident fund : Public provident fund (PPF) is a government…

Q: Discuss the basics of loan amortization and develop a loan amortization schedulethat you might use…

A: Loan amortization is the schedule that shows how the borrower will pay the debt in the future It is…

Q: Do I take the monthly payment and add the interest then divide it to find the total payments? And do…

A: The monthly payments amount of $828.85 that has been computed here will be constant over the next 30…

Q: The repayment of a loan in a series of equal periodic payments is called. O a. Mortgage O b. Down…

A:

Q: What is the double entry to record my payments to a rotating savings arrangement weekly? What is…

A: Double entry is one of the method of bookkeeping which states that each monetary transaction has…

Q: Calculate the DTI ratio (as a percent) for a borrower who has a gross monthly income of $5,330 and…

A: DTI ratio compares a person's or a household's total debt payments to their gross income. This is…

Q: What is the real interest rate on your savings account?

A: Real Interest Rate = Nominal Interest Rate − Inflation Rate

Q: hat happens to the interest if I pay more than my payment amount on a car or home loan? What happens…

A: The loans are paid by equal monthly payments that carry the payment for interest and payment for…

Q: An annuity is a kind of financial contract. What's the difference between this and a one-time…

A: An annuity is a fixed series of payments over the period and contains a number of cashflows.

Q: k in deferred annuity

A: k = nt - 1 where k = The number of compounding periods in a year  n = number of years we intend to…

Q: What are the Effects of Maturity on Monthly Payments on Fully Amortizing Loans?

A: In fully amortized loan, total loan will be paid off by end of maturity i.e. loan term. Monthly…

Q: what will be the loan factor?

A: Loan factor can be defined as the present value factor of loan amortization. Loan factor is given by…

Q: If an electric appliance present worth is P 11,712 and is being paid P 1,636 indefinitely, calculate…

A: Perpetuity means infinite no. of payments of same amount and made in equal intervals. Person can…

Q: Illustration the mortgage for future advances?

A: The question is based on the concept of mortgage or security used for line of credit for future…

Q: How much payment Z should he make on the exact time after the last regular payment has been made to…

A: We have to find the payment Z to be made on the exact time after the last regular payment has been…

Q: ssible analysis that determine whether the clients will be able to repay the loan and interests in…

A: When granting loans it is necessary to do the analysis of client whether he will be able to pay back…

Q: If an interest rate of 8.9% compounded semi-annually is charged on a car loan, what effective rate…

A: Interest is an additional amount which is paid by the borrower to the lender on the borrowed amount…

Q: What are the four common components of the payment a typical buyer makes to the bank for a house…

A: Introduction : four common components of the payment a typical buyer makes to the bank for a house…

Q: A savings and loan charges 2.075 points for a home buyer to obtain a loan of $255,000. To calculate…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: If you were given a choice of investing in an account that paid quarterly interest and one that paid…

A: Effective annual rate is the actual rate an investment generates after taking all the compounding…

Q: Explain how Social Security benefits are calculated and how much you need to work each quarter to be…

A: Social Security benefits in the United States are calculated based on your lifetime earnings and the…

Q: 30.A financial product that pays out a fixed stream of payments to an individual, primarily used as…

A: A financial product is a tool that allows a person to do one of the following: make a monetary…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.