Business, 05.05.2020 04:58 martinez6221
Two banks in the area offer 30-year, $275,000 mortgages at 5.1 percent and charge a $4,300 loan application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I. M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with nonrefundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans
Answers: 3
Business, 22.06.2019 03:00
Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.
Answers: 1
Business, 22.06.2019 21:20
Afamily wishes to save for future college expenses. which financial tool should the family invest in?
Answers: 1
Business, 22.06.2019 22:20
Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.
Answers: 1
Two banks in the area offer 30-year, $275,000 mortgages at 5.1 percent and charge a $4,300 loan appl...
Mathematics, 20.10.2020 22:01
Biology, 20.10.2020 22:01
History, 20.10.2020 22:01
Mathematics, 20.10.2020 22:01
Arts, 20.10.2020 22:01
English, 20.10.2020 22:01
Chemistry, 20.10.2020 22:01
Health, 20.10.2020 22:01
Mathematics, 20.10.2020 22:01
Mathematics, 20.10.2020 22:01