A mortgage can be referred to in a variety of different ways, with the most common being a “home loan.” Some may refer to a mortgage as a “lien,” which represents a security interest by a lender on a piece of property. Whatever is left over from the original loan amount is refer...
Answer to: Define IOUs. Use a maximum of two sentences for your answer. By signing up, you'll get thousands of step-by-step solutions to your...
She starts to define what she wants and needs in a house. She decides on a realtor and what her budget is for the house. Decision: Sally realizes that she needs a mortgage, and knows her options. Sally compares mortgage rates before making a final decision on a mortgage company....
Net Worth is tiotal assets minus liabilities. Net Investments is assets that generate income and/or accessible capital gain minus liabilities. Net worth can include the house and primary mortgage, but in general sense a residence is not a typical investment as it doesn’t generate income, it i...