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In paying off a mortgage loan using level periodic payments the amount of the periodic payment that goes toward the reduction of principal increases over the life of the mortgage is it true or false?
True.
Is A financial institution formed by a large organization for its members is a savings and loan true or false?
False. A financial institution formed by a large organization for its members is typically referred to as a credit union, not a savings and loan. Savings and loan associations are specialized banks that focus on accepting savings deposits and making mortgage loans.
True or false In a bankruptcy the priority debt the debts that the court feels should be paid first are paid then the unsecured debts are added up?
true
True or false Servicing fees include fees to cover the costs of processing the loan and obtaining the money for the borrower?
true
Where can one find a loans calculator for free?
Free loan calculators can be found on most mortgage or bank websites. In addition Bankrate offers a free calculator that gives the full, true cost of your loan.
In paying off a mortgage loan using level periodic payments the amount of the periodic payment that goes toward the reduction of principal increases over the life of the mortgage is it true or false?
True.
Is A financial institution formed by a large organization for its members is a savings and loan true or false?
False. A financial institution formed by a large organization for its members is typically referred to as a credit union, not a savings and loan. Savings and loan associations are specialized banks that focus on accepting savings deposits and making mortgage loans.
Saving and loan associations are not subject to federal regulations true or false?
It is false
A home equity loan is a lump-sum second mortgage loan made on the available equity in a home?
True, home equity loan.
True or false In a bankruptcy the priority debt the debts that the court feels should be paid first are paid then the unsecured debts are added up?
true
True or false the selective service system provided free education and loan guarantees to veterans?
true
A person in need of a loan may apply for one at a federal reserve bank true or false?
true
Is it true or false if your mortgage exceeds 25 percent of your net income you have bought more house than you can afford?
True
I am told by my bank that in Texas you can't refinance a loan until you have lived in your house for 12 months. I have a conventional loan. Is this true?
If this is your first mortgage or you just refinanced, the mortgage note can have a statement within that states you cannot refinance in the first 12 months of when you got the loan.
True or false The repayment of a loan reduces the borrowing companys retained earning?
Yes
True or false Servicing fees include fees to cover the costs of processing the loan and obtaining the money for the borrower?
true
when There is no requirement to take action to identify and discipline those responsible for the unauthorized disclosure of Controlled Unclassified Information?
False
