Hello i need asn from question 1-13

ASAP

1. What type of property is security for a residential mortgage loan? 2. What are the two primary factors in determining whether funds will be lent to an applicant for a residential mortgage loan? 3. Explain why the higher the loan-to-value ratio is, the greater the credit risk is to which the lender is exposed. 4. What is the difference between a cash-out refinancing and a rate-and-term refinancing? 5. What are the front ratio and back ratio, and how do they differ? 6. What is the difference between a prime loan and a subprime loan? 7. How are FICO scores used in classifying loans? 8. What is an alternative-A loan? 9. What is an FHA-insured loan? 10. What is a conventional loan? 11. a. What is meant by conforming limits? b. What is a jumbo loan? 12. a. When a prepayment is made that is less than the full amount needed to completely pay off the loan, what happens to future monthly mortgage payments for a fixed. rate mortgage loan? b. What is the impact of a prepayment that is less than the amount required to completely pay off a loan? 13. Consider the following fixed-rate, level-payment mortgage: maturity =360 months amount borrowed =$100,000 annual mortgage rate =10% a. Construct an amortization schedule for the first 10 months. b. What will the mortgage balance be at the end of the 360 th month, assuming no prepayments? c. Without constructing an amortization schedule, what is the mortgage balance at the end of month 270 , assuming no prepayments? d. Without constructing an amortization schedule, what is the scheduled principal payment at the end of month 270 , assuming no prepayments