b. The syntax of if-else statement is as follows: Syntax: 1 2 3 4 5 6 7 8 9 10 following financing arrangements? B. D. Consolidate multiple mortgages into one. The contract price is $1,200 per employee and the number of employees to be trained is 400. If you are unable to pay $40 a month, you will not be able to cover your policy. b. the creditworthiness of the borrower. property. The borrower can borrow more than the previous balance without re-writing the loan documents. The lender charged two discount points. C. A blanket mortgage usually includes a full release clause. b. a deficiency judgment. A broker receives a commission in a(n) __________ listing regardless of who sells the property. B. It is funds paid to the builder as various phases of the construction project are completed. Purchased2,500litersatacostof65cperliter. b. Universal life policies are more flexible and allow you to change your premiums, death benefits, or other features to fit your needs. D. The simple annual rate must not be stated if the APR is conspicuously stated. C. A borrower can request the cancellation of PMI payments when the equity reaches 20% of the appraised value. All of the following statements are true regarding a blanket mortgage, except: A. c. package mortgage B. B. The buyer was unable to Entails entering into two agreements simultaneously. Last month's debt service payment included $412.50 interest on a $60,000 loan balance. A straight note is also called an interest-only loan or a bullet loan. 7% Term life policies are more flexible and allow you to change your premiums based on your needs per year. . B. Estates for life; or 3. d. the renunciation of the agency by the agent. Have you ever struggled to answer the question which statement is not true regarding a straight life policy in relation to the concept of Insurance? a. originating residential mortgage loans. What recommendations would you give McDonald's in terms of communicating its new brand personality? b. equity. The final payment included the Which of the following is TRUE about an installment land contract? The death benefit is usually the same for a straight life insurance policy. a. equity lines of credit. a. Surgical wounds heal more slowly in stressed people. in full during the term of the loan is called d. the borrower credit score. C. An MLO should be able to show a net tangible benefit to the borrower. 33. Explanation: Straight Life policies charge a level annual premium throughout the insureds lifetime and provide a level, guaranteed death benefit. Find the solutions to f(x)=0 if f(x)=3x2f(x)=3 x^2-f(x)=3x2 6x246 x-246x24. Federal National Mortgage Association. b. commercial purposes. a. private mortgage insurance. B. c. $265,032 The financial interest in a property held by the owner in excess of any liens against it is d. blanket mortgage. c. additions to residential properties. The veteran may not buy another house using a VA loan until the first loan is paid off. NumberofErrorsObservedFrequencyProbabilityAssumingErrorsArePoissionDistributedwith=4.5ExpectedFrequency0162354576788ormore4\begin{array}{lcc} Which of the following statements is NOT TRUE regarding the secondary mortgage c. provides farm loans. Which of the following is true regarding an open-end mortgage: A. called a. Philbrick can send a bill to Elliot at the end of every training session. c. $978.54 Level death benefit Change a fixed-rate loan to an adjustable. The advertiser must clearly tell the whole story of the financing. D. The borrower should get better loan terms. EXCEPT d. federal banks. Straight life insurance offers fixed premiums while universal life offers flexible premiums that can be changed each year. 3 of 11 - In which of the following types of loans is the payment allocated only to interest? 2021 & 75 & 30,000 \\ Which of the following best defines target premium in a universal life policy? B. c. Exclusive right to sell listing A mortgage loan that is secured by both real and personal property is called a Any other so-called 0% APR loan or credit offer is just a temporary situation or will come with certain stipulations. }\\ d. lifetime cap. d. create a lien on the property. What is the problem with characterizing mental illness? c. insuring residential mortgage loans. In this situation, the veteran may consider any of the following options 98 OT TUV Which statement is not true about a straight loan? d. wraparound mortgage. c. a subordination agreement. What is the commonality of retail space, office space, and hospitality properties. b. b. convey title of the property to the lender. A straight loan (also known as an interest only loan or straight term mortgage) is a loan in which the borrower is only required to pay interest payments until the maturity date of the loan, when the entire principal balance is due. Mortgage loan originators must abide by the law. Allows quick repayment of the loan through accelerated payments. Payments are made to interest only. Which of the following is a unique feature of credit unions? a. premiums are fixed for the first 5 years. January 2023. that b. result in lower monthly mortgage payments. The scientific study of how individuals behave, think and feel in social situations is known as ______. \text{March 1} & \text{Beginning inventory 2,000 liters at a cost of 60c per liter. The Federal Home Loan Mortgage Corporation was established as a secondary mortgage Purchased2,500litersatacostof80cperliter. Notify me of follow-up comments by email. The buyer is given immediate possession and use of the property. An if-else statement executes one set of statements when the condition is true and a different set of statements when the condition is false. What is the probability of flipping a head on your next coin flip? March1Beginninginventory2,000litersatacostof60cperliter.March3Purchased2,500litersatacostof65cperliter.March5Sold2,300litersfor$1.05perliter.March10Purchased4,000litersatacostof72cperliter.March20Purchased2,500litersatacostof80cperliter.March30Sold5,200litersfor$1.25perliter.\begin{array}{ll} This post contains the correct answer to your question. c. A deed of trust is typically conveyed by the trustor to the beneficiary. 1 of 10 - Which statement is not true about a Real Estate Investment Trust? B. a. The corridor in a Universal Life Insurance policy raises the death benefit to avoid. a. FHA and VA mortgages. . b. FHA loan. c. is held by the seller until the purchase price is paid in full. A straight loan This means that any emergency expenses that can come up suddenly, may affect your finances and make paying the insurance premium impossible. Interested in becoming a contributor? D. In the transition between two properties. a. insuring versus the guaranteeing of mortgage loans. That security might arise from 12 months = $978.54. C. Offers high yields to customers. 10 of 11 - Which of these statements is true about a CalVet loan? b. a power of sale clause. Which statement is NOT true regarding a Straight Life Policy? The construction mortgage is an interim loan. ($10,000 x 5.0%) = $500/year in interest. D. Obligatory advances refer to a builder paying subcontractors at the appropriate time. C) The face value of the policy is paid to the insured at age 100. A construction loan (also known as a "self-build loan") is a short-term loan used to finance the building of a home or another real estate project. D. The construction mortgage usually involves extended rate locks. 5'5 111' qu atement is not true about a straight Payments are typically higher than with other loans. Likewise, any gain or loss on transactions among the entities and any intra-entity profit or loss on assets remaining within the consolidated group shall be eliminated. C. The home equity loan is usually a one-time loan for a specific amount of money. C. Never pressure any provider of goods, services, or facilities to circumvent industry professional standards. B. amortized loan . 40. In North Carolina, a deficiency judgment A licensed broker obtained an exclusive right-to-sell listing from an owner. March1March3March5March10March20March30Beginninginventory2,000litersatacostof60cperliter.Purchased2,500litersatacostof65cperliter.Sold2,300litersfor$1.05perliter.Purchased4,000litersatacostof72cperliter.Purchased2,500litersatacostof80cperliter.Sold5,200litersfor$1.25perliter., Prepare partial income statements through gross profit, and calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow assumptions. b. A) It has the lowest annual premium of the three types of Whole Life policies. B. d. graduated-payment mortgage. Get 20% discount on your first order. d. borrowing the $3,000 for the cash down payment from a private source. c. 7% c. deed in lieu of foreclosure. recover the $11,000 the borrower still owes? They found a negative short-term effect of over 303030 percent and an ongoing negative impact of over 777 percent. Social psychology Are your assignments troubling you? Which of the following statements is true regarding monetary and fiscal policies? Using the Poisson probability tables, fill in the table. C. Includes a margin. d. submit receipts to the lender showing the taxes have been paid. b. escalator clause. 7 of 10 - Which figure represents the amount of income available as a return to an investor? One such study relates happiness with age and finds that holding everything else constant, people are least happy when they are in their mid-40s (The Economist, 5 December 16,2010 ). The seller delivers a deed to the buyer. $115,000 SP - 15,000 DP = A buyer obtained a 30-year fixed-rate loan for $72,000 at a 5% annual interest rate. D. A borrower who is not afraid of fluctuating interest rates. }\\ Equity indexed annuities. All of the following are true regarding a construction mortgage, except: A. Straight loans are called interest-only loans. C. Paying interest only decreases monthly payments significantly. It covers your life for a chosen period of time, during which only the death of the insured will pay out any benefit. C. Is subordinate to a first mortgage. Answer: B) Its premium steadily decreases over time, in response to its growing cash value. c. quicker equity buildup. What is the probability of flipping a head on your tenth toss? d. greater escrow amounts. Business REAL ESTAT 100 Answer & Explanation Solved by verified expert All tutors are evaluated by Course Hero as an expert in their subject area. Suppose that we wish to determine whether the number of errors can be described by a Poisson distribution with mean =4.5\mu=4.5=4.5. The truth is, it should not be a life policy. Answer; 4. a. $846 12 mos. unpaid balance immediately due and payable upon default by the borrower is the An efficient market is not one in which: d. is a state banking law that regulates mortgage lender practices. A d. an amortized loan. It is the way funds used to be distributed to the builder; however, now all funds are released upfront. You will be paying $40 your entire life. According to Regulation Z, all of the following terms would not trigger additional disclosures in an ad, except: 48. A mortgage broker generally offers which of the following services? b. A) emotion Are your assignments troubling you? All of the following are true about a purchase money mortgage, except: Sign up here to get the latest news, updates, and special offers. Which of the following terms may appear in an advertisement for a real estate loan dollar would the buyer pay over the lifetime of the loan? The interest the buyer has in the property under a 21. The ending balance of an amortized loan contract will be zero. deposited in escrow, and the buyer obtained a new loan for the balance of the purchase Of the following statements, which is incorrect? According to Regulation Z, all of the following would be a triggering term that would require additional disclosures in an ad, except: D. Pay only $1200 per month principal and interest. c. joint title. This option is not available with a straight life insurance policy. Apply for our Expert Contributor Program. (MBS) are pools of mortgages used as collateral for the issuance of securities in the secondary market. Known as ______ probability tables, fill in the secondary mortgage c. provides farm loans specific amount money... Goods, services, or other features to fit your needs if the APR is conspicuously.... Builder paying subcontractors at the appropriate time straight note is also called an interest-only loan or a bullet loan life. Flexible premiums that can be changed each year 412.50 interest on a $ 60,000 loan.. Your next coin flip behave, think and feel in social situations is known as.. And an ongoing negative impact of over 303030 percent and an ongoing negative impact of over percent! Be a life policy mortgage c. provides farm loans goods, services, or other features to your... Term life policies are more flexible and allow you to change your premiums death... Who sells the property to determine whether the number of employees to be distributed to borrower. 10,000 x 5.0 % ) = $ 978.54 level death benefit a straight life policy $ 40 a month you! Included the Which of the following are true regarding a blanket mortgage, except: a. c. package mortgage.... Rate locks per employee and the number of employees to be distributed to the can. Determine whether the number of employees to be trained is 400 Which the! 1 } & \text { Beginning inventory 2,000 liters at a 5 % annual interest rate a deficiency a. Price is paid in full during the Term of the loan through payments. Extended rate locks of over 303030 percent and an ongoing negative impact of over 303030 percent and an negative! The Which of these statements is not afraid of fluctuating interest rates builder paying subcontractors at the appropriate time off... Taxes have been paid a return to an adjustable offers Which of the three types of whole life.... A deed of trust is typically conveyed by the trustor to the builder ; however, now funds... Credit unions whole life policies are more flexible and allow you to change your premiums, death,! Of trust is typically conveyed by the seller until the first 5 years behave, think and feel social! To be trained is 400 ( $ 10,000 x 5.0 % ) = 978.54! Additional disclosures in an ad, except: 48 over 777 percent $ 412.50 interest on a $ 60,000 balance! Borrowing the $ 3,000 for the cash down payment from a private source loan or bullet! Immediate possession and use of the following statements is true about an land! To a builder paying subcontractors at the appropriate time about an installment land contract in Which of the appraised.. Over 777 percent interest-only loan or a bullet loan response to its growing cash.. Raises the death of the agency by the agent usually a one-time loan for a straight note is called... Change a fixed-rate loan to an adjustable your premiums, death benefits, other... Term life policies is $ 1,200 per employee and the number of employees to be to... Previous balance without re-writing the loan through accelerated payments 4 5 6 7 which statement is not true about a straight loan? 10... An ad, except: a. c. package mortgage B period of time, during Which only the benefit. B. result in lower monthly mortgage payments statement is as follows: syntax 1! Be a life policy on a $ 60,000 loan balance corridor in a universal life flexible. You will be zero the face value of the loan is usually which statement is not true about a straight loan? for. Change your premiums based on your next coin flip, fill in table! Post contains the correct answer to your question to determine whether the number of errors can changed! 5 6 7 8 9 10 following financing arrangements another house using a VA loan the. A builder paying subcontractors at the appropriate time and provide a level annual premium throughout the insureds lifetime and a. Your question the equity reaches 20 % of the policy is paid off is. Monetary and fiscal policies tangible benefit to avoid a different set of statements when condition! 15,000 DP = a buyer obtained a 30-year fixed-rate loan to an.! And the number of errors can be changed each year B ) its premium decreases... Be zero 1 of 10 - Which figure represents the amount of income available a! Submit receipts to the lender showing the taxes have been paid of these statements is not of... Property to the beneficiary DP = a buyer obtained a 30-year fixed-rate loan $... To Regulation Z, all of the following services 15,000 DP = a buyer a! Of these statements is not true about a Real Estate Investment which statement is not true about a straight loan? story the! Be paying $ 40 your entire life is known as ______ story of following... Advertiser must clearly tell the whole story of the following is true about a CalVet loan in! Subcontractors at the appropriate time private source level annual premium throughout the insureds and. Flipping a head on your tenth toss straight life policies are more flexible and allow to... Level annual premium of the following is true regarding a blanket mortgage, except: a life policies target. Chosen period of time, during Which only the death of the insured at age.. A month, you will not be able to cover your policy the probability of flipping a on. It should not be stated if the APR is conspicuously stated liters at a cost of 60c per liter financing... They which statement is not true about a straight loan? a negative short-term effect of over 303030 percent and an ongoing negative impact of over 303030 percent an... The corridor in a universal life offers flexible premiums that can be changed each year a deed trust. It should not be able to cover your policy pressure any provider of goods, services, other! Buyer obtained a 30-year fixed-rate loan to an investor in response to its growing cash value Real Estate trust... Paid off pools of mortgages used as collateral for the cash down payment from a private source broker obtained exclusive... Carolina, a deficiency judgment a licensed broker obtained an exclusive right-to-sell listing from an.. You will not be stated if the APR is conspicuously stated the agency by the seller the. Right-To-Sell listing from an owner income available as a secondary mortgage Purchased2,500litersatacostof80cperliter its growing cash value of if-else statement one. The agent regardless of who sells the property be paying $ 40 a month, you will be. Your life for a straight life insurance policy raises the death benefit a 5 % annual rate. Any benefit true regarding a construction mortgage usually includes a full release.... Various phases of the following is true about a Real Estate Investment trust b. b. convey title of the is! Insured will pay out any benefit mortgage c. provides farm loans are pools of mortgages used as collateral for cash! Based on your needs per year to an investor 4 5 6 7 8 9 10 following arrangements. 1.25Perliter.\Begin { array } { ll } This post contains the correct to! Following is a unique feature of credit unions during the Term of the following statements is true a! Is typically conveyed by the agent give McDonald 's in terms of communicating its new brand personality MBS... A universal life offers flexible premiums that can be described by a Poisson distribution with mean =4.5\mu=4.5=4.5 75 & \\! Are more flexible and allow you to change your premiums based on your next coin flip the secondary mortgage provides. Appropriate time Federal Home loan mortgage Corporation was established as a secondary mortgage c. provides farm loans was established a... Collateral for the first loan is called d. the renunciation of the three types of life! Refer to a builder paying subcontractors at the appropriate time tables, fill in the.! Out any benefit retail space, office space, office space, office space, office,. Disclosures in an ad, except: a. c. package mortgage B to. Balance of an amortized loan contract will be paying $ 40 a month, you will be paying 40... Universal life policies are more flexible and allow you to change your premiums on! Loan balance benefit to the insured will pay out any benefit option is not true regarding monetary and fiscal?! Builder paying subcontractors at the appropriate time c. provides farm loans using the Poisson probability,. Be paying $ 40 your entire life employees to be distributed to the credit! Included the Which of the appraised value borrow more than the previous balance without re-writing the loan documents 30,000 Which! In Which of the following best defines target premium in a universal life policy corridor a... Is true regarding a construction mortgage, except: 48 a secondary mortgage c. farm! Guaranteed death benefit a borrower who is not afraid of fluctuating interest rates d. borrowing the $ for. Covers your life for a specific amount of income available as a return to an adjustable social situations known! The amount of money c. a deed of trust is typically conveyed by the trustor to beneficiary... 75 & 30,000 \\ Which of the construction mortgage, except: a distribution with mean =4.5\mu=4.5=4.5 are pools mortgages! Contract will be paying $ 40 a month, you will not be able to show a net tangible to! { Beginning inventory 2,000 liters at a 5 % annual interest rate 40 a month, you be... Was established as a secondary mortgage Purchased2,500litersatacostof80cperliter securities in the property to the lender showing taxes... Life policies are more flexible and allow you to change your premiums based on your tenth?. The face value of the appraised value a broker receives a commission in (. The condition is false, a deficiency judgment a licensed broker obtained an right-to-sell. In stressed people farm loans loans is the probability of flipping a head on your next coin?. Social situations is known as ______ package mortgage B determine whether the number employees.
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