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A renewal and extension rider is not typically required for a second home or investment property, but it may be beneficial depending on the terms of your mortgage agreement and lender requirements. This rider allows for the renewal of the mortgage at the end of its term under specified conditions. It's essential to review your loan documents and consult with your lender to determine if such a rider is necessary for your specific situation. Always consider legal or financial advice tailored to your circumstances.

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3mo ago

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What is the the importance of capital investment decisions in a business?

The following motives will clearly explain why capital budgeting is very important for a firm: 1. Expansion: Capital budgeting is directed towards expansion of the level of operations. It is done through acquisition of fixed assets by purchasing property and plant facilities, which in turn ensure a proper investment and balancing in investment. 2. Replacement: After maturity period when firm's growth slows down, it is required to replace or renew some outdated or worn-out assets, i.e. machinery, equipment, vehicles, etc. Thus a firm can return into its full-fledged production and generate desired benefits. 3. Renewal: As an alternative to replacement, renewal may involve rebuilding, overhauling or retrofitting an existing asset. It certainly increases the productions and profits of a firm. 4. Other importance: There are certain other importances of capital expenditure, which include - a) Plan for securing funds b) Retain a competitive position in the market c) Sales and cash forecast d) Sales guarantee e) Comparative study of alternative projects and launching new products f) Outlays for advertising, research and development, management consulting, etc.


Can you dispute an auto renewal?

Yes, you can dispute an auto renewal by contacting the company and providing reasons why you believe the renewal should be canceled or refunded.


How do you write a letter of ATM card renewal?

request for atm renewal mobile no 0503125063 thanks


What is loan renewal?

a loan renewal is a loan you already have and you need more money so you renew the that loan for more money


How can I obtain insurance after a non-renewal?

After a non-renewal of your insurance policy, you can obtain insurance by shopping around for new insurance providers who may be willing to offer you coverage despite the non-renewal. It's important to be transparent about your non-renewal when applying for new insurance and to provide any necessary documentation or explanations to potential insurers.

Related Questions

Do you need a renewal and extension rider on a NON owner occupied property in Texas?

You do not need a renewal and extension rider for a NON property in Texas... (Recording supervisor for title company)


What is a renewal and extension rider?

A renewal and extension rider means that you are to renew or extend the document. On a loan, it means that the loan can be extended or renewed at a later date.


Is EB-5 immigrant investor Regional Center Program expired on June 30, 2021 Will it get a legislative renewal and the minimum investment required in TEA remain $500,000?

Yes it


How often must you renew your Mississippi boater education card?

Renewal is not required


What does inclusive of renewal and extension options mean?

It means... that whatever document you're referring to ... it includes the option of both renewing and extending it.


What is renewal of judgment?

A civil judgment expires after a statutory period of time which varies by state or jurisdiction. Before the time period expires, one can file essentially for an extension, or in other words, a renewal of the judgment to extend the time period.


What is renewal of judgment mean?

A civil judgment expires after a statutory period of time which varies by state or jurisdiction. Before the time period expires, one can file essentially for an extension, or in other words, a renewal of the judgment to extend the time period.


What is the difference between a contract renewal and contract extension?

Contract renewal is renewing your current contract when it expires. Contract extension is one is extended the contract for a shorter period of time and the language of the contract is the same as existing contract. When a contract is renewed it is generally for a longer period of time and there might be alight changes in contract. In other words an extension is short term contract that is used as a short term deal until both parties can agree on what the want.


How many cpa cpe credits are required to maintain cpa license in the dc?

If you want to retain your CPA license in District of Columbia, you are required to take 80 hours at renewal(biannual renewal date) with 40 hours per year. By the way, there are online CPA CPE providers that offer unlimited credits for your renewal license course at low price.


Can a non renewal commercial lease be renewed?

A non-renewal commercial lease typically indicates that the landlord or tenant does not intend to extend the lease term. However, if both parties agree, they can negotiate a new lease or an extension even after a non-renewal notice has been given. It's essential to communicate and formalize any agreements in writing to avoid misunderstandings. Always review the lease terms and local laws, as they may influence renewal options.


What are the requirements for Philippines sirb renewal?

To renew a Special Investor's Resident Visa (SIRV) in the Philippines, the applicant must submit a renewal application along with the necessary documents, including proof of continued investment and compliance with the terms of the original visa. Additionally, the applicant must pay the appropriate renewal fees and may need to provide updated financial statements or reports demonstrating the ongoing viability of their business or investment. It's essential to ensure that all paperwork is complete and submitted within the specified timeframe to avoid penalties.


How many times can a copyright be renewed?

Copyright protections are required to be "for a limited time," but for many years, rightsholders were allowed to renew the copyright, that is to extend protection for a certain amount of time (typically 28 years in the US). Copyright renewal is not available on more recent materials (since 1978).