Many banks offer lines of credit that are secured by a second mortgage (or lien) on real
Question:
Many banks offer lines of credit that are secured by a second mortgage (or lien) on real property. These loans have been very popular among bank customers. Why are homeowners so willing to pledge their homes as security for these lines of credit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
The IRS allows the interest paid on first ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial Markets and Institutions
ISBN: 978-0133423624
8th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
Question Posted:
Students also viewed these Business questions
-
Why do analysts investigate the bank lines of credit that a corporation has?
-
Suppose that at year-end 1999 Executive Paper had unused lines of credit that would have allowed it to borrow a further $300 million. Suppose also that it used this line of credit to raise short-term...
-
1. Given the language of the time frame notice, do you agree with the courts statements that it was clear and that objectively reasonable consumers would not be confused by it? Why or why not? 2. The...
-
What are some techniques of good writers? Which ones do you use regularly?
-
Imagine that a pharmaceutical company has just developed a cure to a major fatal disease. Because the firm is the only one even close to a cure for this disease, price is inelastic, meaning it could...
-
An investor is considering purchasing a bond with a 5.5 percent coupon interest rate, a par value of $1,000, and a market price of $927.50. The bond will mature in 9 years. Based on this information,...
-
A batch of 100 mobile phones contains 5 smartphones. What is the probability that a sample of three phones will have (a) no smartphones? (b) all smartphones? (c) at least one smartphone? (d) at least...
-
1. What type of installation did Hudson Banc use for its new system? Was it an appropriate choice? 2. How could the operational problems have been avoided? Two regional banks with similar geographic...
-
The face value of a company's commercial paper borrowings (loan) at December 31 was $6,000,000. This six-month loan originated on September 1. a. Prepare the journal entry for issuance of the loan on...
-
Mary is 30 years old and married to Mark, age 36. Mark passed away on January 30, 2021. Mark was unemployed and had no income in 2021 due to his illness. Marys seven-year-old daughter, Jenny, lived...
-
What kind of insurance do lenders usually require of borrowers who have less than an 80% loan-to-value ratio?
-
The reverse annuity mortgage (RAM) allows retired people to live off the equity they have in their homes without having to sell the home. Explain how a RAM works.
-
Change each of the following percents into a common fraction in lowest terChange each of the following percents into a common fraction in lowest terms. 66 2/3%
-
What are the long-term implications of social change for systems of governance, community resilience, and collective well-being, and how can participatory approaches to social innovation foster...
-
With reference to decided cases and other authorities, compare and contrast how the following unions are dealt with in the Namibian and South African legal systems: 1.1 Civil Unions 1.2 Co-Habitation...
-
Give a company that sells electromagnetic generators. Identify the following: 1. profile 2. Location 3. Years in business 4. Products/packaging 5. Price points 6. SWOT Analysis What are the legal...
-
Think about a time in the past, when you made a bad decision (e.g. wore the wrong shoes for hiking, dated the wrong person, chose not to study for an exam, dyed your hair green). What caused you to...
-
How do transitions and life events, such as migration, parenthood, retirement, and career changes, impact individuals' socialization trajectories and identity negotiations, and how can individuals...
-
Do the control rods in a nuclear reactor absorb or emit neutrons? Explain.
-
Can partitioned join be used for r r.A s? Explain your answer
-
Why are bankers acceptances so popular for international transactions?
-
What would be your annualized discount rate % and your annualized investment rate % on the purchase of a 182-day Treasury bill for $4,925 that pays $5,000 at maturity?
-
What is the annualized discount rate % and your annualized investment rate % on a Treasury bill that you purchase for $9,940 that will mature in 91 days for $10,000?
-
This number is the "federal adjusted gross income" according to the line title. What do we call this process of starting our state return with a number from the federal return?
-
What is the main reason for a franchisee to have a contingency fund?
-
Kalan purchased four new tires at Walmart for $1,000 using there "no payments for 12 months plan." About a year later, before Kalan had made any payments, the tires were not performing as well as...
Study smarter with the SolutionInn App