Actions regarding home loan for house1

Assignment Help Finance Basics
Reference no: EM132758716

When writing a home loan application for a customer who is buying a house 2 for residing purpose , and hence he mention the same in home loan application. And if client already has another house 1 where he was residing earlier. So does mortgage broker needs to take any actions regarding home loan for House1 , as it will no longer remain owner occupied house

Reference no: EM132758716

Questions Cloud

How many units of product a must be produced : On November 1, Barnes Corporation has 8,000 units of Product A on hand. How many units of Product A must be produced
Evaluate what future value of the investment cash flows : If his investments typically earn 6.15 percent, Evaluate what is the future value of the investment's cash flows at the end of five years?
Find the margin of safety as a percentage of sales : The product's current sales are 35,200 units and its break-even sales are 25,344 units. Find the margin of safety as a percentage of sales
Compute what is size of deposit makes while is? saving : An annuity that pays him ?$1,000 at the beginning of every three months for two years. What is the size of the deposit he makes while he is? saving?
Actions regarding home loan for house1 : So does mortgage broker needs to take any actions regarding home loan for House1 , as it will no longer remain owner occupied house
What is the annual return-on-equity : If the bank earns (annually) a 5% return on its assets and pays 2% interest on its debt and the tax rate is zero, what is the (annual) return-on-equity
How do calculate goodwill on the transaction : How do Calculate goodwill on the transaction. A Company purchases the net assets of B Company for $7,600. Information concerning B Company at time of purchase
Define how nurses provide care at the bedside : You have been tasked by your CNO to provide a report and present to the board of directors about how your organization is transforming based on Health.
Positions despite having similar liquidity-ratios : Can different banks have different liquidity positions despite having similar liquidity-ratios? Comment on the statement.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd