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A mortgage is an asset to the mortgagee (lender).
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∙ 10y ago
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Is the mortgage payable a financing activity?
Yes mortgage payable is a financing activity because in this way company arranges the finance to run the business.
Who do you make your Wells Fargo mortgage payment payable to?
wellsfargo home mortgage
Is mortgage an asset?
no. it is a liability. The home itself is an asset - an the difference is (hopefully) equity. For example you owe 100,000 on your home mortgage. Your home is worth 150,000 on the market - then your equity is 50,000
What are the three components of a mortgage?
The three elements are 1) The asset that is which one to be mortgage 2) The lender who make the mortgage 3) The borrower who want the loan by mortgage this three are the basic components of mortgage loan.
What is the market cap for Western Asset Mortgage Defined Opportunity Fund Inc DMO?
As of July 2014, the market cap for Western Asset Mortgage Defined Opportunity Fund Inc (DMO) is $254,956,524.62.
Mortgage payable is a current liability?
No, although Mortgage Payable would be a liability a mortgage is generally not a payable that could or would be paid off in less than one year or one accounting cycle. Current liability refers to just that, a liability that will be paid off in one year or less, while a Long-term liability takes longer, such as a mortgage payable. More commonly referred to as a "note payable" a mortgage payable for a business would be a Long-term liability. A mortgage would be what the company is paying to "purchase" their building or land. The property itself that the mortgage is on of course is the asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is notes payable an asset?
no
Is bill payable an asset?
no
Is account payable asset or liability?
accounts payable is a liablity.
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
When was Anworth Mortgage Asset Corporation created?
Anworth Mortgage Asset Corporation was created in 1998.
Is interest payable a asset or liability?
liability
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is the mortgage payable a financing activity?
Yes mortgage payable is a financing activity because in this way company arranges the finance to run the business.
Who do you make your Wells Fargo mortgage payment payable to?
wellsfargo home mortgage
Is mortgage payable is credit or debit?
credit
