Calculate the percentage of appraised value and the potential credit available for a second mortgage if the appraised value is $324,600, the lender's percentage is 75% and the balance owed on the first mortgage is $197,500.
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- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Percentage Appraised Value (in $) Lender's Balance of Potential First Mortgage Credit (in $) $326,700 75% $198,500 %24For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Appraised Value (in $) Lender's Balance of Potential Percentage First Mortgage Credit (in $) $121,500 70% $53,100 $For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Percentage of Percentage Appraised Value (in $) First Mortgage Potential Appraised Value Lender's Balance of Credit (in $) $127,500 70% $ $53,200 $ %24 %24
- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Balance of Percentage of Appraised Value (in $) Potential Value Percentage First Mortgage Credit (in $) $127,500 70% 2$ $53,400 2$For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Percentage Appraised Value (in $) First Mortgage Potential Credit (in $) Lender's Balance of $123,500 70% $53,100For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Potential Credit (in $) $326,700 Percentage of Balance of Percentage Appraised Value (in $) First Mortgage 75% $198,500 $
- The interest of a compound interest investmeut or loan can be computed with the formula 1-A-P. The end amount of a compound interest investment or loan can be computed with the formula A- P(1. The total percentage rate oe total retum of a simple interest investment or loan can be computed with the fonmala Laterest 100 Principal Use these foemulas to evaluate the aonts indicated below Chloe investa 15, 000 at a compound iaterest ate of 8 compounded monthly for 5 yesrs Deteine the total amot she will receive fros her ivestment at e end of 5 years Chloe will eceive a total of S the enl of 5 years Pevin dllars Detarine the istanet she will reoeive fe le vestnt athe end of5 years Choe will receiveS at he ted of 5 y Pview dllan D l p ag e ba tla nle otahe ond of5 years Cloes eet wil o tal Satentltiveo be inal ame the cnd of S yourUsing this table as needed, calculate the required information for the mortgage. AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $73,500 8.00% 30 $ $ $how are the origination fees borne by the borrower accounted for in relation to the initial measurement of a loan receivable a. Added to initial measurement of the loa receivable b. Deducted from the initial measurement of the loan receivable c. Ignored d. Either added to or deducted from the initial measurement of the loean receivable if the origination fees are at leasr 10% of the proncipal amount of the loan
- Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $168,300 7.25% 15 168.3 $ $ $For the appraised Valve Appraised Nice 356,700 Second Mortgage Application Calculate the percentage and potential Credit? Lenders 75% 1st Percentage of Approved Value Balance of first Mortgage 194, 500 OF Potential credit) in (1)Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $ $188.69 18 $ $