A. Big down payment, a longer term loan, and low interest rate
B. Small down payment, a shorter term loan, and small interest rate
C. Small down payment, a shorter term loan, and high interest rate
D. Big down payment, a shorter term loan, and high interest rate
A. 5–10 years
B. 10–15 years
C. 15–25 years
D. 20–30 years
a. repair costs
b. renters’ insurance
c. property taxes
d. down payment
A. a credit card
B. a down payment
C. a house
Correct Answer: B. a down payment
A. the lender
B. the interest rate
C. the down payment
D. the total cost of the home
A. The size of your down payment
B. The length of your mortgage
C. The purchase price of your house
D. All of the above
A. Helps with the moving expenses
B. Ensures that you’re looking only at homes you can afford
C. Eliminates the needs for earnest money
a. either financing or investing activities.
b. operating activities.
c. investing activities.
d. financing activities.
The Correct Answer for the given question is option d. financing activities.
Cash receipts received from the issuance of a mortgage notes payable would be classified as a financing activities because it records the transactions which deals with amount raised through issue of any instruments. The cash received is used to finance the purchase of the property. The mortgage note is a loan that is secured by the property, and the cash received from the sale of the note is used to fund the purchase of the property.
A. is variable.
B. might go down
C. is predictable.
D. costs the least.
A. plan to rent out their homes.
B. must repay the loan in five to ten years.
C. are unwilling to accept any risk in borrowing money.
D. remain in their homes for 30 years or more
A. The loan is issued by the seller.
B. Money is given to the borrower monthly.
C. Interest rates are rarely charged.
D. The item purchased is used as collateral.
A. It might cause a borrower’s payments to go up.
B. It might cause a borrower’s payments to go down.
C. It has no impact because a fixed-rate mortgage cannot change.
D. It has no impact because the economy does not affect interest rates.