Abuyer paid $7,000 in earnest money and acquired a mortgage of 65% of the $48,500 sales price. how much cash did the buyer have to bring to closing?

$9,975

Explanation:

For computing the closing cash, first, we have to do the following calculations

Since the sale price is $48,500 out of which only 65% loan is taken

So, the loan value would be

= $48,500 × 65%

= $31,525

So, the remaining amount would be

= $48,500 -  $31,525

= $16,975

And, the paid amount is $7,000

SO, the closing cash balance would be

= $16,975 -  $7,000

= $9,975

answer: a. the kind of population living in your neighbourhood.

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the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

answer makes less frequent trips to the bank and firms make less frequent price changes;