subject
Business, 24.10.2021 04:40 Seumas9307

Describe the growing-equity mortgage. A growing-equity mortgage allows borrowers to repay their loans on a graduated basis over the first 5 to 10 years and then they level off after this period. A growing-equity mortgage requires interest payments for a three- to five-year period and full payment at the end of the period. A growing-equity mortgage requires continual increasing mortgage payments throughout the life of the mortgage. A growing-equity mortgage allows a home purchaser to obtain a mortgage at an interest rate below market rates, while in return the lender will share in the price appreciation of the home. -Select- How does the growing-equity mortgage differ from a graduated-payment mortgage

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:10
1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84
Answers: 3
question
Business, 22.06.2019 10:00
Marco works in the marketing department of a luxury fashion brand. he is making a presentation on the success of a recent marketing campaign that included a fashion show. which slide elements can he use to include photographs and footage of the fashion show in his presentation? marco can use the: table images audio option to include photographs and the: flowcharts images video option to include footage of the fashion show.
Answers: 1
question
Business, 22.06.2019 14:30
Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
Answers: 1
question
Business, 22.06.2019 15:00
Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
Answers: 1
You know the right answer?
Describe the growing-equity mortgage. A growing-equity mortgage allows borrowers to repay their loan...
Questions
question
Mathematics, 14.04.2020 20:14
question
Mathematics, 14.04.2020 20:14
Questions on the website: 13722363