百度试题 题目What is the type of account for Mortgage?A.AssetB.LiabilityC.Owners EquityD.RevenueE.Expense 相关知识点: 试题来源: 解析 B 反馈 收藏
An asset, such as a car or a home, used for securing the repayment of a loan. The borrower risks losing the asset if the loan is not repaid. Collection The efforts used to bring a delinquent loan current and, if necessary, to file legal papers and notices to proceed with foreclosure....
An asset, such as a car or a home, used for securing the repayment of a loan. The borrower risks losing the asset if the loan is not repaid. Collection The efforts used to bring a delinquent loan current and, if necessary, to file legal papers and notices to proceed with foreclosure....
A local tax levied against properties that have benefited from civil improvements such as road or sidewalk construction, a sewer or street lights. Asset Anything of monetary value that a person owns. Assets include real property, personal property and enforceable claims against others (including bank...
Loan approval will be subject to, but not necessarily limited to, verification of all income, asset and liability information provided by you, satisfactory property appraisal, compliance with Truist Mortgage loan program guidelines and all required closing conditions such as survey and title examination...
The loan-to-value ratio (or. LTV) is a factor looked at by lenders when qualifying a borrower for a mortgage loan. The LTV compares the amount of a loan to the value of the asset being financed: the amount you are borrowing divided by the price of the property being purchased or fina...
Investing in real estate through an Individual Retirement Account (IRA) presents a unique opportunity to grow retirement funds while potentially benefiting from tax advantages. This investment strategy utilizes the protective tax structure of IRAs to foster growth in a diversified asset class—real estate...
Liquid Asset A cash asset or an asset that is easily converted into cash. List of All Business Debts Accounting of business-associated debts for which a borrower is personally responsible. Loan A sum of borrowed money (principal) that is generally repaid with interest. Loan-to-Value (LTV) Pe...
calculation plays a key part in determining your mortgage rate. If you can show proof of your income for a full-documentation loan, you’ll get more competitive rates and terms than other loan types for self-employed borrowers, such as a no-documentation loan or stated income/stated asset ...
Although a mortgage is a debt or liability to the borrower, it is an asset for the lender since the lender will receive interest payments from the borrower over the life of the loan. Interest payments made to a bank are similar to an investor earning interest ordividendsfor holding abondor...