What collateral secures a mortgage?

Answers

Answer 1

Answer:

Collateral mortgage a type of loan secured against the borrower's property (home) through a written note of indebtedness such as the Promissory Note. It is usually seen as an extra security for the lender in case the borrower defaults on the loan.

Understanding Collateral Mortgages:

When the bank gives you the option of going for a conventional mortgage or a collateral mortgage, the main issue would be first to understand what the difference between the two is.

How is collateral mortgage different from traditional mortgage:

In short, a conventional mortgage gives the borrower access to a set loan amount with a fix interest rate, payable during an agreed period of time. A collateral mortgage is similar in many respects to a conventional mortgage (as it comes with an agreed interest rate and term), but the lender starts out with the idea that the borrower might want to borrow more money in the future under the same agreement and this is why up to 125% per cent might be charged on the value of the property. As a result, the collateral mortgage registered will be higher than the loan amount received by the borrower.

For example, if you would like to buy a home worth $300,000 with a 20% down payment, you'll have $240,000 in conventional mortgage at, let's say, 3.5 % rate, payable in 25 years. With a collateral mortgage, the loan amount will still be $240,000, but the mortgage registered will be $375,000.

Answer 2

Usually, the property being financed with the loan serves as the collateral securing a mortgage. As a result, the lender has the legal authority to seize and sell the property in order to recuperate its losses in the event that the borrower fails to make mortgage payments.

As a guarantee or security for the loan, the property gives the lender peace of mind that they will have a valuable asset to fall back on in the event of a default.

A sort of loan known as a collateral mortgage is one that is secured against the borrower's home by a written note of debt, such as the Promissory Note. It is typically viewed as additional insurance for the lender in case the borrower misses a payment on the loan.

As a result, the significance of the collateral secures a mortgage are the aforementioned.

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Related Questions

Please help me !!:((

Answers

Answer:

Menu bar is C. Task pane is D. Formatting toolbar is E. Slide pane is A. Slide normal view is F. Drawing tool bar is B.

Explanation:

I hope this is right.

Which support service professional develops school curriculum and teaching standards? A. school psychologist B. school counselor C. instructional coordinator D. instructional designer

Answers

Answer:

D, instructional designer

Explanation:

An instructional designer is a professional that is saddled with the job of designing courses, redesigning courses, creating teacher guides, etc for the sole purpose of learning by students.

The job of an instructional designer is very important in the learning process as without them, teachers would not know what to teach student at a certain age or grade.

Instructional designers try to create the best possible ways to present learning contents such that any individual can assimilate or comprehend it easily thus improving performance and knowledge of the student.

Cheers.

I really could use help

Answers

Answer:

pretty sure its arbitration

Explanation:

I looked up the meanings

hope i helped <3 good luck

The lower risk you are as a borrower,
A) the better the terms of your loan will be.
B) the higher the interest rate you will be charged
C) the longer you can take to pay off the loan.
D) the less likely you are to get a loan.

Answers

C? i think it would be that

What is the first step in the process of preparing for college?

Answers

Passing most of your classes

Which of the following is an important and valuable trait of an effective
message?

A.Simple
B.Multi-faceted
C.Complex
D.Technical

Answers

Answer:

simple

Explanation:

Simplicity is an important and valuable trait of an effective message. The correct option is A. To be a good communicator, your communications must be clear, concise, accurate, and well-organized. This will prevent misunderstandings and guarantee that they successfully complete each stage of the Communications Process.

What is the most important part of a message?

The headline is the first thing that members of the audience notice. It catches their interest. It promises a remedy to a problem that the audience is experiencing.

The notion of simplicity or parsimony—roughly, the idea that simpler explanations of observations should be preferred to more complex ones is typically attributed to William of Occam and is known as Occam's razor.

When you include unneeded material in your messages, it dilutes your message and draws attention away from your important points. When you keep your message basic, it draws attention to the crucial details.

Thus, the ideal selection is option A.

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А ___store is one that sells goods to consumers.
wholesale
markdown
markup
retail​

Answers

A retail store is one that sells goods to consumers

Answer: retail

Explanation:

A retail sale occurs when a business sells a product or service to an individual consumer for his or her own use


A______is a breakdown of a project into its various component parts with the
activities that must be performed for each component.

Work Breakdown Structure

Critical Path

Peak Performance Model

Scheduling Process

Answers

Answer:

work breakdown structure

which of the following best represents a "supply curve"?


A. a

B. b

C. c

D. d

Answers

Answer:

I think the answer is B

Explanation:

if theres a drop in supply there will be a price change aswell, most of the time increases the price of products.

Which of the following statements is true of partnerships?

Answers

There are no statements attached

Explain how the journalistic approach can be useful during the prewriting stage?

Answers

Answer:

Please find the explanation below. Thanks.

Explanation:

Journalistic approach is a writing approach that helps to develop information about a topic very quickly and easily. This is because the journalist asks 6 very important questions for which if answered, could speed up a writing.

A journalist usually asks 6 questions and they are: who? What? Where? How? When? Why?

When each of these questions are answered about a topic of writing, it becomes easy to build up the write-up.

For example, Who? Usually answers the questions: Who are the involved individuals? Who is affected? Who are the main persons? Who are the supporting persons?

What? On the other hand answered the question: What is the topic? What is the significance of the topic? What is the basic problem? What are the issues related to that problem?

All other questions asked by the journalist as long as it addresses the aspect of the topic that it should address, then the topic is as good as formed.

Cheers.

The key elements of creating effective advertising revolve around the two
categories of ____ and design.

A. Promises
B. Content
C. Music
D. Graphics

Answers

B content





The reason because there got to be a theme like that is a design and content like what is it about of the article or the story.

The key elements of creating effective advertising revolve around the two categories of content and design. Thus, option (b) is correct.

What is advertising?

The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.

According to the advertising, are the main element of the matter to the related details. The design was to attract to the consumer. The term design refers to the visual representation of image and shapes. The design main purpose to design of logo, word art, and advertisement design. The content of the paragraph are the necessary.

As a result, the key elements of creating effective advertising revolve around the two categories of content and design. Therefore, option (b) is correct.

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True or False - Goods and services can only be counted ONCE.

Answers

Answer:

it is true it is true it is true

*ASAP WILL GIVE BRAINLIEST*
Attached is a micro-Econ question

Answers

Answer:

No, it is not a violation of the law of demand, hence why it is a "law."

Explanation:

During summer months, the demand for beach resorts increases. This is different from an increase in quantity demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.

It is best to draw a graph for these questions, and know your demand determinants.

During the past six months, Ben sold goods that cost $43,500, his
expenses totaled $3,500 and his freight in totaled $1,750. His company's
average stock of goods during the same period was $12,400.
The inventory turnover ratio for Ben's company is
a.) 3.08
b.) 3.93
O c.) 3.51
d.) 3.37

Answers

Answer:

B

Explanation:

b.) 3.93

The inventory turnover ratio can be calculated by dividing the cost of goods sold by the average inventory.

Cost of goods sold: $43,500 + $3,500 + $1,750 = $48,750

Inventory turnover ratio: $48,750 / $12,400 = 3.93

This term refers to the percentage of the civilian workforce who are available for a job but do not have one.

Answers

Unemployment rate because

What is customer service and why is it important?

Answers

Answer:

is the fact of taking care of the customer's needs by providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met

Increase the amount of money each customer spends with your business. Increase how often a customer buys from you.

Explanation:

it’s a system where customers can receive help from staff. it’s so important because they can direct customers, and help them in many ways.

which statement describes border and shading?!

Answers

Border is something that goes right around an object.

Shading is the color of an object.

Hope this helps! :)

Shading is sorta like coloring something. Border means something that goes around another thing.

Why is it important to recognize expansion opportunities?

Answers

Answer:

Because it give you the opportunity to offer a diverse range of products and services.  (this is expansion in business growth)

Explanation:

does someone know how much is t
he new MacBook pro 2020 (1,200) but with the student discount ?​

Answers

1,199 I typed the iPad pro

Explanation:

give me the money

help plz 100 points
Some states charge a recycling or disposal fee on certain electronic items, including computers. Assume you live in one of these states. This fee, which is generally charged at the time of purchase, increases your cost by approximately $5. What is your financial cost now to purchase the computer?

Answers

Answer:

The disposal fee increases the cost to $1,105.

Explanation:

PLATO ANSWER!

Compare and contrast the goals of command and mixed
market economies. Why are there many more mixed
market economies than command economies in the
world today?
Give your answer in the form of a short paragraph.

Answers

Answer:

Mixed market economies focus on preserving as much freedom to make economic choices as possible. Governments in these economies have limited involvement in managing and regulating the economy. In contrast, command economies are focused most on preserving and requiring equal opportunities, which means governments that greatly regulate the economy. More economic systems are geared toward offering producers and consumers the freedom to make economic choices, so mixed market economies are more common in the world today.

Explanation:

edge 2020

There are the two types of the economies. The market economies are to depend on the demand and the supply. The command economy as the controlled by the government.

What is market?

The term “market” refers to the exchange of commodities and services. A market mainly involves the buyer and seller. There are many types of markets, such as perfect competition, monopoly markets, monopolistic competition, and oligopoly markets. The market economies are the ups and down as the controlled by the government.

Economic activity is classified into market and command economies. Consumer behavior determines demand and supply in market economies. Command economies, on the other hand, are governed by the government. The government set the prices for goods and services.

As a result, the significance of the economies aforementioned.

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Maria has been assigned a project at work where she has to do a
presentation in front of a client. Which of these should Maria use to do her
presentation?

Answers

Answer: on-screen presentation software

Explanation:

Answer:

on-screen presentation software

Explanation:

What is the sale price for a swimming suit with a regular price of $59.95 which is on sale for 30% off?
$77.94
$17.99
$30.00
$70.00
$41.97​

Answers

Answer:

$41.97

Explanation:

Which leadership style is characterized by limited discussion of new ideas and is best used in groups who are not well acquainted with each other

Answers

Answer:

Autocratic

Explanation:

4. Which of the following is a miniature supermarket, carrying only a limited line of high-turnover goods?
a. Specialty discount store
b. Warehouse club
c. Department store
d. Convenience store

Answers

A. a specialty discount store because they are nice items marked down

lip gloss or expoe stuff

Answers

Answer:

lip gloss

Explanation:

r u askin or telling us well if ur asking then lip gloss ofc

______can be computed based on hard data or expert judgment and relevant
experience.

Incentives

Workforce allocation

Performance indicators

Durations

Answers

workforce allocation

*ASAP WILL GIVE BRAINLIEST*
Micro-economics question is in the picture, Thank u!

Answers

Answer:

The supply of Ivory has decreased, bringing an increase to the price and reward for poaching.

Do you think marketers truly have the power to change the way we think? If so, what are the

implications?

Answers

Answer:

Yes.

Implication : Manipulate demand and choices

Explanation:

Marketing involves communicating the product to the customers at the right price, to the right people and delivering to the right place.

If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.

Other Questions
LUI Chicken nuggets, burger, hot dogApple Juice or milkFrench fries or fruitHOOD8The list below shows some of the possibleoutcomes. List the missing possible outcomesbelow.ter andps the- onlynd aChicken nuggets, apple juice, French friesChicken nuggets, apple juice, fruitChicken nuggets, milk, French friesChicken nuggets, milk, fruitBurger, apple juice, French friesBurger, milk, French friesBurger, apple juice, fruitHot dog, apple juice, French friesHot dog, milk, French friesHot dog, milk, fruit True or False. In the 1800's, Americans moved east and formed new states.TRUEFALSE Write an expression to describe the sequence below. Use n to represent the position of a term in the sequence, where n = 1 for the first term. 89, 178, 267, 356, ... I need the answer please help me Select the correct answer. Which of these officials holds the highest position on the Supreme Court? A. the district justice B. the chief justice C. the appeals justice D. the associate justice A line passes through the point (6,-6) and has a slope of 3/2. Write a equation in point-slope form for this line 50 POINTS IF U GET THIS CORRECT (and a few others) ANSWER AND GET BRAINLIEST and 50...P...T...S!Read the passage.Where Do You Work? When Kids Had Adult JobsImagine dragging yourself out of bed on a cold, dark morning before the sun has even risen. You dress quickly because youre running late. But instead of a day filled with schoolwork, soccer practice, and a few chores around the house, you head over to the towns mill where you will spend the next 10 to 12 hours. Thats what life was like for about 18 percent of American children ages 10 to 15 in the early twentieth century. Instead of going to school, they went to work.Before the Industrial RevolutionFrom the early days of America until the late 1930s, there were few laws protecting children from work. In colonial times, children often worked alongside their parents. Girls worked with their mothers cooking, sewing, gardening, and milking cows. Boys worked on their fathers farms or in their shops. Boys from the ages of 10 to 14 often became apprentices. They worked under the care and direction of master craftsmen. In both farming and apprenticeships, children learned the skills of a job from beginning to end. Those in apprenticeships not only learned a trade from their masters, they were also taught basic arithmetic and how to read and write. Plus, they were given a place to live and a wage.From Farms to FactoriesBy the time of the Civil War in the 1860s, however, the apprenticeship system had fallen by the wayside. The country was becoming more industrialized. Children worked to help support their families. Children were often hired to work in factories because factory owners found children easy to manage. They could be paid less than adults and were less likely to go on strike. An added benefit was their small size: children could easily move in tight spaces around machinery.Factory workers, including children, generally learned one repetitive job. This made training fast and easy. Despite their age, children often worked in hazardous conditions. They worked in cotton mills in New England and in the South. The windows of the mills were kept shut to keep the cotton moist and warm so it wouldnt break. Child workers would be covered in cotton lint that would fill their lungs. Towns grew around the mills. Families lived in houses owned by the mills. The mills provided a school. But the children usually didnt have time to attend. A study done in the early twentieth century revealed that half the children under age 14 could not read or write.In the early 1900s, children also worked in glass factories, canneries, cranberry bogs, and sugar beet fields. They went to work in the mines in Pennsylvania or West Virginia as a breaker boy. Breaker boys sat crouched over a coal chute. Their job was to pick out pieces of slate and rock as the coal rushed past them. The air was thick with coal dust, and many of the boys suffered from respiratory illnesses because of it. They earned 60 cents for a 10-hour shift of backbreaking work.Champions for Change Fortunately, some concerned citizens decided to stand up against child labor and to address the problems it created. In 1904, a group of reformers founded the National Child Labor Committee (NCLC) to abolish child labor. This committee hired investigators to gather evidence for their cause. One person they hired was Lewis Wickes Hine. Hine was a former teacher and photographer. He took pictures of children wherever they worked.From 1908 to 1912, Hine snapped pictures of children at work. He would hide his camera and trick factory bosses into letting him get inside. Hine wrote notes on a pad hidden inside his pocket. He wanted to accurately describe what he saw without being caught. His photographs showed children working in coal mines, sweatshops, and mills and on farms. When many of Hines photographs were published, the public was shocked. People were finally motivated to address the issue of child labor.Soon many states passed laws protecting children in the workplace. But despite these laws, children still worked hard. The NCLC pushed for a federal law for child workers. In 1916 and 1918, laws were passed. But those laws were overturned by the Supreme Court as being unconstitutional. In 1924, Congress passed an amendment to the Constitution. But not enough states ratified it, so it didnt become law. In 1938, the Fair Labor Standards Act was passed. It set a national minimum wage and maximum hours to be worked in a day. More important, it set limitations on child labor.Today, children are protected by child labor laws. The federal government has set the minimum working age at 14 for jobs other than babysitting or delivering newspapers. In some states the minimum working age may be higher. Childrens lives are much easier today than they were more than a century ago. Todd is working on resource scheduling in preparation for the start of a project. There is a potential problem in the works, however, as the new collective bargaining agreement with the company's union has not been concluded. Todd decides to continue working on the resource schedule in anticipation of a satisfactory settlement. Todd's approach would be an example of which method of dealing with risk What is the range of the relation?[(-4, 3), (-4, 4), (-3, 1), (1, 1)}{-4, -4,-3, 1} {-4, -3, 13{1, 1, 3, 4]{1,3,4 What is the sum of these expressions: (-3.5t - 4s + 4.5) + (-7.1 - 0.3s + 4.1t) Drag each label to the correct location on the map.Identify the types of precipitation on the map. The color scale gives the rainfall amounts in inches. The landing of pollen on the stigma is followed by the growth of the pollentube towards the ovule. The pollen tube growth is guided by chemicals released from the pistil of the female flower. What is this type of growth inthe direction of chemicals called? positive chemotropism negative phototropism positive phototropism The human body contains many glands, including the pituitary, thymus, and thyroid. The table below shows the functions of two of these glands. Function 1. Associated with the immune system and is largest in size during teenage years 2. Produces hormones which are required for growth and various body functions Which of the following matches correctly the names of the glands with their functions? Group of answer choices PituitaryFunction 1; ThyroidFunction 2 ThyroidFunction 1; ThymusFunction 2 ThymusFunction 1; PituitaryFunction 2 PituitaryFunction 1; ThymusFunction 2 Can someone pls help me find the value of b and x?? the epidermis of a plant functions like what part of an animal Which speaker would most likely agree with President Ronald Reagan'snational security policiesSpeaker 1: A continuing proliferation of weapons will result in global war.Speaker 2: Conventional arms are more important than advanced technology,Speaker 3: The military draft is essential for combat preparedness.Speaker 4: Increased defensive strength will discourage aggression by others. In an inelastic collision, which of the following statements is always true?[A] Kinetic energy is conserved in the collision.[B] Momentum is conserved in the collision.[C] After the collision, the objects always merge into one.[D] The collision takes more that 1 second to complete. Study the following quote. Then answer the question that follows."We ... enact, constitute, and frame such just and equal laws, ordinances, acts, constitutions, and offices, from time to time, as shall be thought most meet and convenient for the general good of the colony, unto which we promise all due submission and obedience."This quote from the Mayflower Compact helped American colonists understand the idea of A. petition B. constitutional monarchy C. tyranny D. social contract Young was elected senator from George true or false e is 5 more than d.fis 7 less than d.a) Write an expression for e in terms of d.