The property acts as collateral in exchange for the mortgage. So if you don’t make your mortgage payments on time, the issuing bank has the right to repossess your home. This is known asforeclosure. If you sell your home before the mortgage term ends, the proceeds of the sale will be...
For example, you can compel your buyer through: Fear –“I must buy right now to lock in this fantastic, low price!” Trust –“This company has a solid reputation and provides a satisfaction guarantee.” Belonging –“I respect / admire the people in these testimonials.”...
What is the meaning of the terms Repo Rate and Reverse Repo Rate? Define : Non-Banking Financial Intermediaries What is bartering? Explain using an example. What is the meaning of a debit entry in the balance of payment? Define the law of scarcity. Define money market mutual fund. Wha...
After our fun discussion aboutwhether to pay off a mortgage or invest first, I thought a nice follow-up would be to chat about another topic with advocates on two sides. So today I’d like to address the subject of how to calculate net worth. Specifically here’s the question I’d lik...