Why might a borrower be willing to pay a higher price for a home with an assumable
Question:
Why might a borrower be willing to pay a higher price for a home with an assumable loan?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
An assumable loan allows the borrower to save interest costs ...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Question Posted:
Students also viewed these Business questions
-
In recent years, about twenty states have passed so-called medical marijuana laws. Typically, these laws permit individuals to lawfully purchase marijuana from licensed stores, provided they have a...
-
1. While Divine Chocolate has embraced the concept of fair trade, their products are not organic. On their website, they argue that purely organic production methods could result in greater...
-
If you buy a new car for $20,000 today and then try to sell it a week later, you probably won t get more than $16,000 for it. Even if you drove it just a couple of hundred miles, cleaned it up, and...
-
The following were selected from among the transactions complete by Wild Adventures Company during December of the current year. Dec. 3. Purchased merchandise on account from Miramar Co., list price...
-
You have just been appointed as the management accountant for Close Up and Personal (CUP) , a company that sells pottery items, jewellery and cool clothing, featuring personal digital photos, this...
-
In a random sample of males, it was found that 23 write with their left hands and 217 do not. In a random sample of females, it was found that 65 write with their left hands and 455 do not (based on...
-
Give three specialized subclasses for the Student class.
-
1. Companies are developing ethical policies and guidelines for legal reasons, but also to clarify what is acceptable and what is not. Do you think any of the issues raised in the case required...
-
Fairfield Company's raw materials inventory transactions for the most recent month are summarized here: Note: Assume, purchase of raw materials is on account. Beginning raw materials Purchases of raw...
-
You are asked to help set up a historical display in the park by stacking some cannonballs next to a Revolutionary War cannon. You are told to stack them by starting with a triangle in which each...
-
Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local savings and loan. The original balance of your mortgage was $140,000 and was obtained 5 years ago with monthly...
-
You have a choice between the following two identical properties: Property A is priced at $150,000 with 80 percent financing at a 10.5 percent interest rate for 20 years. Property B is priced at...
-
Leaves carry out many roles in a plants life. Give examples of leaves that do the following: a. Provide protection b. Provide support c. Provide storage d. Obtain nitrogen Are leaf structures and...
-
For the given year, find the standard quotas for the New York City boroughs given in Table 17.5 in Problems 23-28. Assume there are eight council seats. Table 17. 5 1900 Year Total 1790 49 1800 81...
-
Give one example in which you have participated in voting where the count was tabulated by using the tournament method. Your example can be made up or factual, but you should be specific.
-
Use Adams' plan in Problems 8-10. Show that it violates the quota rule. State: A 1.646 Population: Number of seats: 250 B C 2,091 154 D 6,937 E 685 F 988
-
Modified quotas are given in Problems 7-14. Round your answers to two decimal places. a. Find the lower and upper quotas. b. Find the arithmetic mean of the lower and upper quotas. c. Find the...
-
The Adobe School District is hiring a vice principal and has interviewed four candidates: Andrew (A), Bono (B), Carol (C), and Davy (D). The hiring committee members have indicated their preferences:...
-
How can entrepreneurial ventures avoid legal disputes?
-
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
-
A retail lease for 10,000 square feet of rentable space is being negotiated for a five-year term. Option A calls for a base rent of $25 per square foot for the coming year with step-ups of $1 per...
-
A retail lease for 10,000 square feet of rentable space is being negotiated for a five-year term. Option A calls for a base rent of $25 per square foot for the coming year with step-ups of $1 per...
-
You have been asked to develop a pro forma statement of cash flow for the coming year for Autumn Seasons, a 200-unit suburban garden apartment community. This community has a mix of 40 studio, 80...
-
Hi, could someone please help me with this. I need the letter to be nearly two hundred words. This is the assignment below: You are an architect who is working for Dream Homes Company in Toronto....
-
Discussion Board Post - Read the speech example from the textbook below. Then answer the questions in blood at the bottom. "As a veterinarian and owner of a small-animal practice, you work closely...
-
The Essentials of Technical Communication (Tebeaux & Dragga), Oxford U. Press, Third Edition - I. Please explain how a proposal is an argumentative or persuasive piece of writing -- and the four key...
Study smarter with the SolutionInn App