PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337117005
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Chapter 5, Problem 10FPE
Summary Introduction
To discuss: The waysin which a real estate broker represents buyers versus sellers. Also, state the typical real estate commission.
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What is a nonrecourse loan? Will a nonrecourse loan given by the seller of real estate to the buyer increase the amount the buyer has at risk? Explain.
A loan to purchase real estate in which the real estate itself serves as collateral is a ____ loan.
a. homeowner's
b. real estate
c. mortgage
d. property
discuss the process of applying for a business loan.
Chapter 5 Solutions
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Similar questions
- What are investments by owners? Distributions to owners?arrow_forwardWhat are the four common components of the payment a typical buyer makes to the bank for a house they have purchased with a loan? Briefly describe each component.arrow_forwardHow can be Mortgage Transfer to a New Owner?arrow_forward
- Explain The Federal Home Loan Mortgage Corporation?arrow_forwardWhich of the following is a feature of a home equity loan? Group of answer choices a. The interest rate on a home equity loan is higher than that on other loans. b. The interest paid on a home equity loan is usually tax deductible. c. A home equity loan is generally the first mortgage loan. d. A home equity loan is a single-payment loan. e. A home equity loan is an unsecured loan.arrow_forwardhelparrow_forward
- Mortgage fees paid by the homeowner at, or prior to, closing on the purchase of a house typically include all but which one of the following? a. Application fee b. Title search fee c. Title insurance fee d. Appraisal fee e. Prepayment penaltyarrow_forwardResidential rental property is rental property where at least what percentage of the income comes from the rental of dwelling units?arrow_forwardQuestion #5 (Chapter 9) Buying vs. Renting a home/apartment/used vs. new, etc. What are advantage and disadvantages of renting vs. buying a home? What are some of the agencies, groups that may help with a home loan, i.e. Mortgage, that please be specific, and outline or list source. thank you. Rent an apartment/home 1) 2) 3) Purchasing a home 1) 2) 3) Advantages Disadvantages Please list a few agencies local or national, including your bank, Federal Housing Agency, etc., that may help with loan Please be sure to see PowerPoint for Chapter 9, and or google, besides what we discuss.arrow_forward
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