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
Conforming loans are the most common type of mortgage, offered by pretty much every bank and lender in the nation. Fannie Mae’s offering is known as HomeReady Mortgage, while Freddie Mac’s is called Home Possible. Both require a minimum FICO score of 620, which is pretty low and what ...
Having a mortgage lien is not necessarily a bad thing if you continue to make regular payments on your loan. All homeowners with mortgages have a lien on their property. Involuntary liens, on the other hand, are placed on properties when owners are unable to pay their debts, such as proper...
This pledge dies (is terminated) when the mortgage is either paid off in full or the property is repossessed (foreclosed) by the bank if not paid as agreed (borrower defaults). So that’s the literal definition of mortgage; now let’s look at the real-world application. ...
An example of this that almost everyone will be familiar with is auto financing (i.e. car payments). A mortgage is simply the financing of a home. Like an auto loan, a mortgage allows the consumer to legally own the underlying asset (car, home). Like auto loan paperwork, mortgage ...
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One the show today I’m breaking down the differences between the different mortgage options and helping you decide which is best for you. Should you go for a conventional loan or would you be better with an FHA loan? And now much mortgage do I need before I am required to move into ...
What Is a Mortgage? A mortgage is a loan used to purchase or maintain a home, plot of land, or other real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments divided into principal and interest. The property then serves as collateral to ...
A correspondent lender is a lender that originates and funds a mortgage loan and then sells it to investors, such as Fannie Mae and Freddie Mac or a government agency. That said, the correspondent lender may continue to service your loan. Most mortgage lenders are correspondent lenders. Warehou...
A second mortgage is a type of subordinate mortgage made while an originalmortgageis still in effect. In the event of default, the original mortgage would receive all proceeds from the property’s liquidation until it is all paid off.