Home-equity loan-what is maximum line of credit you can get

Assignment Help Financial Management

Reference no: EM132063696

1. You apply for a home-equity loan. Your first mortgage has a current balance of $211,700. Based on an appraisal of $324,000 and an 80% LTV ratio, what is the maximum line of credit you can get?

$259,200

$169,360

$47,500

$89,840

2. You get a $174,000 mortgage loan and incur the following loan costs: 1% origination fee, ½ point, $75 credit report fee, $550 appraisal fee, $639 title insurance fee, $350 processing fee, $100 closing fee, and $80 for recording. What are your total loan costs?

$4,404

$2,610

$1,794

$4,689

3. XYZ Corporation has 120,000 shares of common stock and 60,000 shares of cumulative preferred stock. The annual dividend of the preferred stock is $1.50 per share. The only dividends paid last year were to preferred stockholders in the amount of $0.75 per share. This year the board of directors decided to distribute $1,564,200 in dividends. If you own 50 shares of common stock, what is the amount of your annual dividend?

$11.91

$595.50

$13.04

$651.75

Reference no: EM132063696

Questions Cloud

Cytosol of the liver by glutamate : This reaction is catalyzed in the cytosol of the liver by Glutamate y- semialdehyde dehydrogenase. How would this enzyme affect the G, Keq, and E

What do you think about this approach : I would create my research question that will have different methods for data collection to assure that the results are qualitative and as accurate as possible

Calculate bond equivalent yield and effective annual return : Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 115 days from maturity and has a quoted nominal yield of 6.86 percent.

Prepare the journal entries to record the issuance : Prepare the journal entries to record the issuance of the 11 percent bonds and the early retirement of the 13.6 percent bonds. Assume both sets of bonds

Home-equity loan-what is maximum line of credit you can get : You apply for a home-equity loan. what is the maximum line of credit you can get?

How are people labeled as socially deviating : Describe an example of a television program that you believe clearly displays social deviance, and explain why you specifically selected it.

Calculate the discount yield and bond equivalent yield : Calculate the discount yield, bond equivalent yield, and EAR on the T-bill if it matures in 355 days.

Write a film reaction paper on the movie rashomon : Each film reaction paper must be at least 500 words and should incorporate themes from the class, themes from the readings.

What are the three stages of glucose catabolism in oxidative : What are the three stages of glucose catabolism in oxidative cells? What are the products of each stage? Which products are linked to anabolism?

User Account

All Pages