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Contract law
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Can I get a 200k mortgage loan with a 605 credit score, zero debt, 55k a year, and 7.5k down?
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Contract law
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Does a contract termination need to be notarized?
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Contract law
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Rockland Trust lent $350,000 to Peter Johnson under a personal loan. The loan payments were to be made for sixty months. Additionally, as part of the loan agreement, Rockland required Johnson to obtai
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Contract law
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What is the difference between the monthly payments on a $120,000 home at a 6.5% interest rate and an 8.0% interest rate for 25 years?
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Contract law
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You have found your dream home and would like to purchase it by using a mortgage loan. However, suppose that you can only afford to pay a maximum of $1500 per month. If a bank charges you an interest
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Contract law
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A $250,000 house has an 18% mortgage for 15 years. What are the monthly payments?
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Contract law
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The Adeeva’s gross monthly income is $3900. They have 18 remaining payments of $240 on a new car. They are applying for a 15-year, $89,000 mortgage at 7.0%. The taxes and insurance on the house are $380 per month. The bank will only approve a loan that ha
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Contract law
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What is the agreement index 2 in SBI home lone process of closer from? When will it be eligible for a closure of home loan?
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Contract law
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Is a credit score of 741 good enough to secure a home loan? What is the maximum loan that I can get irrespective of my income?
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What is a guarantor fee?
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Contract law
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Under the UCC Rule 2-207 for the sale of goods when a contract is made by the exchange of forms, when the acceptance form has terms additional to or different from the offer: a. a contract can result but the differing terms may not be part of the contrac
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Contract law
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John and Peggy recently bought a house. They financed the house with a $125,000, 30-year mortgage with a nominal interest rate of 7%. Mortgage payments are made at the end of each month. What total dollar amount of their mortgage payments during the first
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Contract law
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Suppose that you are thinking of buying a 200,000 house. What would your monthly payment on a 30 year mortgage loan to buy the house if the annual interest rate is 5 percent?
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Contract law
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Direct RHS loans may have terms of [{Blank}] years. A. 15 and 30 B. 21 or 29 C. 30 and 40 D. 33 or 38
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Contract law
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A 30-year amortized home loan at an amount of $400,000 was borrowed exactly 5 years ago at a fixed APR of 4.80% per year. After you paid the 60th monthly payment, how much do you owe to the lender?
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Contract law
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The advantage of homeownership is: a. lower maintenance b. increased mobility c. creation of equity d. higher price
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Contract law
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You plan to purchase a $160,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 6 percent. You will make a down payment of 10 percent of the p
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Contract law
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Clearly discuss the common law duties of the seller and purchaser, in the contract of purchase and sale
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Contract law
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Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Burton family afford if their gross before-tax monthly income amounted to $4,000? Would it make any differenc
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Contract law
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[{Blank}] are based on the opportunity cost of the next best alternative. a) Consequential damages b) Reliance damages c) Liquidated damages d) Primary damages
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Contract law
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You plan to buy a $500,000 house using a 30-year fixed-rate mortgage obtained from your local bank. The mortgage rate offered to you is 6%. You will make a down payment of 20% of the purchase price ($500,000). a) Calculate your monthly payments on this m
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Contract law
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Calculate the monthly payment for a 5-year car loan of $23,570 at 10.43% interest, compounded monthly.
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Contract law
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How much would it cost to pay 2 points on a $200,000 mortgage? a) 1,000.00 b) 4,000.00 c) 400,000.00
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Contract law
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According to the HPML Rule, which of the following transactions would require a second appraisal? A. A higher-priced mortgage loan that also meets qualified mortgage standards B. The purchase price is 10% higher than the seller’s acquisition price 100 da
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Contract law
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A car rental agency charges $180 per week plus $0.25 per mile to rent a car. Express the weekly cost to rent the car, f, as a function of the number of miles driven during the week, x.
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Contract law
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Sally wants to buy a Ford Mustang. The MSRP is $28, 442. Ford offers a purchase financing plan with no money down and 84 end-of-month payments of $450. Should she buy the car for cash or take Ford’s purchase financing? Assume that she has the cash and tha
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Contract law
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What is selling profit on a sale-type lease? How do we account for a sale-type lease with a selling profit?
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Contract law
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Suppose you desire to short-sell 400 shares of JKI stock, which has a bid price of $25.12 and an ask price of $25.31. You cover the short position 180 days later when the bid price is $22.87 and the ask price is $23.06. a. Taking into account only the bi
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Contract law
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You plan to purchase a $220,000 house using a 30-year mortgage obtained from your local credit union. The mortgage rate offered to you is 4.75 percent. You will make a down payment of 10 percent of the purchase price. a. Calculate your monthly payments on
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Contract law
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Is it possible to roll the negative equity on a current car loan into a lease of a new car, it has 3000 to 5000 dollars of negative equity?
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Contract law
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You are financing a 300K home with a 20% down payment. The 30-year interest rate (APR) is 4.5%, and the 15-year interest rate (APR) is 3.5%. What is the difference in the monthly payment if you choose a 30-year and 15-year mortgage plan?
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Contract law
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You are buying a $1 million house with a 20% down payment, a 30-year mortgage, and monthly payments. The interest payment on your financing is 4%. a. What is your monthly payment? b. How much of the principal is paid in the first month? How much of it is
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Contract law
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The price of a small cabin is $60,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20-year fixed at 7.5% or 30-year fixed at 7.5%. Calculate the amount of interest
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Contract law
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Which is the better choice when purchasing a $30,000 car: a) a four years loan at 6 percent, b) an immediate rebate of $2,000 and a four-year loan at 8 percent?
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Contract law
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Phil can afford $200 a month for 5 years for a car loan. If the interest rate is 7.5 percent, how much can he afford to borrow to purchase a car? Show your complete solution.
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Contract law
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Your company wants to purchase a new network file server for its wide-area computer network. The server costs $75,000. It will be completely obsolete in three years. Your options are to borrow the money at 10 percent or to lease the machine. If you lease,
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Contract law
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a. How much is the monthly payment on a $26,000 car loan with a rate of 2% (r), repaid in 4 years (N), and with interest compounded monthly (k)? b. What is the highest amount you can offer to buy the car for if you can afford no more than $500 per month?
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Contract law
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Roberto Basulto and Raquel Gonzalez, who do not speak English, responded to an ad on Spanish-language television sponsored by Hialeah Automotive, LLC, which does business as Potamkin Dodge. Potamkin’s staff understood that Basulto and Gonzalez did not spe
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Contract law
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Question: Advise Sandra Description: You are the conveyancer acting on behalf of Sandra, who is selling her property. Sandra contracted with a real estate agent, Matthew, to sell her property. The Ag
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Contract law
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John Halstad and Judy Maxson formed a partnership to renovate and resell (flip) a house. According to their agreement, Maxson would finance the purchase of the house and its renovation, and Halstad would provide labor and supervision of the renovation wor
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