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...
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....
The lender’s balance sheet will report a current assets for the principal amounts to be received within one year of the balance sheet date and any accrued interest, and a long-term asset for the principal to be received after one year. Related Questions How should a mortgage loan payable ...
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....
originally signed onto a mortgage is no longer to be held financially responsible for the loan. The only way to get them off the mortgage is by refinancing. This can also be used to remove the name of a co-signer whose support is no longer necessary and wishes to be freed of liability...
Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller. Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxx...
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...
Loan-to-value ratio (LTV) 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 pr...
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...