Fax Cover Sheet Use this cover sheet when faxing documents back to your loan officer. Faxes that do not contain this cover sheet will not be processed or received by the intended recipient. Fax # 800-704-0852 TO: Gianni Joseph Cerretani 800-704-0852 3011129634 elizabeth.mansfield@angeloakfunding. FROM: Latasha Miles 2432 Braelin Loop Mcdonough‚ GA 30253 {cda1f9e0-e0e1-466b-95e8-ed3f90613b4c} Latasha Miles 77777777070707000772707022451331007262034232027311071203263245735540764615152674403007
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in that property • Buying a home o Cost of house is $750‚000 o Need collateral = assets that you are putting up for this loan • Mortgage o You give the bank a mortgage • The mortgage is a document that says the bank lent John Smith the loan and the mortgage has a lien against that property o The bank gives you a loan o Mortgager = borrower o Mortgage = lender • Classification of estates o Fee simple – own the dirt → most complete form of ownership o Leasehold • Long term lease on
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Valuing Bonds Chapter 6 55. Amortization with Equal Payments Prepare an amortization schedule for a five-year loan of $36‚000. The interest rate is 9 percent per year‚ and the loan calls for equal annual payments. How much interest is paid in the third year? Answer: $2‚108.52 56. Amortization with Equal Principal Payments Rework Problem 55 assuming that the loan agreement calls for a principal reduction of $7‚200 every year instead of equal annual payments. Answer: $1‚944.00 57. Calculating Annuity Values
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making a car payment. People with credit issues or people who recently lost their jobs can be targets as well. The credit issues often disqualify borrowers from conventional loans or lines of credit but yet they have substantial equity in their homes. Predatory lending can take place in many forms including payday loans‚ car loans‚ tax refund anticipation loans‚ or any type of consumer debt. Over the past several years‚ predatory lending practices were prevalent in the area of home mortgages. Since home
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Chapter-1 Abstract of title:-An abstract of title is a historical summary of the publicly recorded documents that affect a title. The abstract of title lists all of the legal actions that have been performed or used in conjunction with a piece of property. Deed:-Deed is a legal document that grants the bearer a right or privilege‚ provided that he or she meets a number of conditions. Usually title is conveyed from one person (the grantor) to another (the grantee) by means of a written instrument
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respectively‚ of effective gross income (EGI). 8.What is the implied first-year overall capitalization rate? a. 9.5 percent 9.What is the effective gross income multiplier? b. 6.11 10.Given the following information‚ what is the required equity down payment? • Acquisition price: $800‚000 • Loan-to-value ratio: 75% • Total up-front financing costs: 3% c. $218‚000 Study Questions Use the following information to answer questions 1 – 3: You are considering the purchase of an office building for
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Banks had given out so too many loans at low interest rate – to generate quick revenue banks issued “high ranked” securities of a pile of mortgage loans to investors and earned revenue right away instead of earing it back in 30 years of process. That extra cash let them gave out more loans house loans which increased the housing demand and the high demand led to high house prices. As I said
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CHAPTER 6 Discounted Cash Flow Valuation 187 CONCEPT QUESTIONS 6.4a What is a pure discount loan? An interest-only loan? 6.4b What does it mean to amortize a loan? 6.4c What is a balloon payment? How do you determine its value? SUMMARY AND CONCLUSIONS This chapter rounds out your understanding of fundamental concepts related to the time value of money and discounted cash flow valuation. Several important topics were covered‚ including: 1. There are two ways of calculating present and
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Consumer Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic
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Subprime Mortgage Crisis The subprime mortgage crisis is a financial and real estate crisis that has been going on in the United States between the years 2007 and 2010. It began because of a drastic increase in mortgage delinquencies‚ foreclosures‚ failures in credit default swaps‚ saturation of the debt and real estate markets and reverse trading. All these parameters had an adverse effect on the financial markets and banks all over the world. In recent times‚ The United States witnessed a rise
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