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What is the account classification for mortgageWhat is the account classification for mortgage on buildings (repayable in 10 years) on buildings (repayable in 10 years)?
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Non current liability
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What is the classification of mortgage in accounting?
non current liability
What falls under non current liabilities?
Mortgage on buildings ( repayble in 10 year)
What does stent construction - not mortgageable - cash purchase only mean on a property for sale description?
It means that the house is of a prefabricated construction type. Because these buildings were only built to last for a limited time, mortgage companies will not take the risk of lending against them.
How can you ask for copies of your Mortgage interest statements for previous years?
Yes, contact your mortgage company.
What can homeowners deduct on their taxes?
If you file a Schedule A and Form 1040 return you can deduct your Mortgage Interest, Property Taxes, and Mortgage PMI on your 1098 form from the bank or mortgage company.
What is the classification of mortgage in accounting?
non current liability
What is a commercial mortgage?
A commercial mortgage is not the same as a residential mortgage. A commercial mortgage applies to commercial buildings or businesses. Businesspeople take out commercial mortgages.
what is Commercial Mortgage?
A commercial mortgage is not the same as a residential mortgage. A commercial mortgage applies to commercial buildings or businesses. Businesspeople take out commercial mortgages.
What falls under non current liabilities?
Mortgage on buildings ( repayble in 10 year)
What banks in Ohio issue loans for condominiums that were converted from apartment buildings?
You can get the answer you want from your mortgage lender. There is no standard.
How does a commercial mortgage company differ from other mortgage companies?
Commercial mortgage companies differ from other mortgage companies because they lend a much smaller percentage of the market value and they allow you to lease the buildings in multi parts, for example the shop space and the flats above
What is a field inspector?
A field inspector inspects and takes photos of houses and buildings for insurance, mortgage, and real estate purpose.
What sort of property can I get a commercial mortgage lender to help me acquire?
A commercial mortgage lender can help an individual acquire multi-unit properties such as office buildings, strip malls, apartment complexes, and retirement homes.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Can mortgage company foreclose on an estate home in probate?
Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Can I leave a mortgage to my daughter in my will?
Yes, if you are the owner of the mortgage or the mortgagee.Yes, if you are the owner of the mortgage or the mortgagee.Yes, if you are the owner of the mortgage or the mortgagee.Yes, if you are the owner of the mortgage or the mortgagee.
