[Answer] Where are my interest rate and monthly payment amount listed? Business law exam 2

Answer: During a signing a borrower asks you why the appraisal fee is $595. The notary should: ACCT 104 – Ethics (1) Quiz
Where are my interest rate and monthly payment amount listed? Business law exam 2

Overview. The terms of a note usually include the principal amount the interest rate if any the parties the date the terms of repayment (which could include interest ) and the maturity date.Sometimes provisions are included concerning the payee’s rights in the event of a default which may include foreclosure of the maker’s assets. In foreclosures and contract breaches promissory notes …

Mortgage Loan. Total Payment (3 Fixed Interest Rates & 2 Loan Term) = Loan Principal + Expenses (Taxes & fees) + Total interest to be paid. The final cost will be exactly the same: * when the interest rate is 2 .5% and the term is 30 years than when the interest rate is 5% and the term is 15 years

Bankruptcy under Chapter 11 Chapter 12 or Chapter 13 is more complex reorganization and involves allowing the debtor to keep some or all of his or her property and to use future earnings to pay off creditors. Consumers usually file chapter 7 or chapter 13. Chapter 11 filings by individuals are allowed but are rare. Chapter 12 is similar to Chapter 13 but is available only to “family farmers …

A “presumption of abuse” will arise if: (1) the debtor has at least $182.50 in current monthly income available after the allowed deductions (this equals $10 950 over five years) regardless of the amount of debt or ( 2 ) the debtor has at least $109.59 of such income ($6 575 over five years) and this sum would be enough to pay general unsecured …

The maximum interest rate is 38.8% per year. Mortgage bond agreements – For mortgage bond agreements the maximum interest rate is 24.9 per cent per year. The initiation fee. The initiation fee is intended to cover the costs of initiat…

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