Cards in this guide (27)
How long will credit inquiries remain on your credit report
What is done with the finance charge assessed by a credit card company
Which term is defined as property that is pledged as security on a loan
Which of these is the best description of a credit card
It can be used to buy things and pay for them over time.
What should be the first step in calculating a monthly credit card finance charge
change the percent to a decimal
Which of these provides the funds needed for expenses such as property taxes homeowners insurance mortgage insurance etc
The escrow account that is established by the mortgage holder
pays most of these expenses. From each mortgage payment made by the
borrower, a certain portion goes into the escrow account. Then,
when these expenses become due, the lender pays them from the
escrow account. If there is an insufficient amount in the excrow
account, the borrower is required to pay the balance.
The main exception to this is homeowners insurance, which the
borrower may get him/herself. The lender will require that it be
named as an "additional insured" on the policy. This serves to
secure the lender's financial interest in the property to the
extent of the amount still owing. That is, the insurer will name
the lender on the settlement check along with the insured's name.
In that way, the lender can ensure that repairs are made and the
value of the property is preserved.
If the borrower does not get homeowners insurance, the lender
can get it to secure its financial interest alone. This is often
referred to as a "single interest" policy.
Sam is a chef He has a savings account of 500 and a car worth 7569 He owes 450.23 on his new stereo Calculate Sam's net worth
Brian works at Metro College as a computer analyst His car is worth 10359.19 His checking and savings accounts are worth 673.59 Brian owes his sister a total of 145.69 His balance on his credi
Which Involves renting a residence for a specific amount of time such as six months one year or even five years
What its the best description of foreclosure
it ends all legal rights of a homeowner if mortgage payments are
not made.
Which government official is responsible for determining the amount of property tax a homeowner must pay
Your local property assessor is responsible for determining the assessed value each time your property (real estate or personal property) is reassessed. Depending on there you live, this may be a city property assessor or county assessor. Sometimes one assessor values personal property (cars, business and industrial equipment) and another values real estate (homes, townhomes, condominiums, commercial and industrial properties. some cities and counties reassess very year while others reassess less frequently.
However, the amount that you pay in property taxes is a product of multiplying the most recent assessed value by the personal property tax rate or real estate tax rate. These rates of taxation are set by the city council or county board of commissioners as part of their budget process each year. Your local assessor does not set the tax rate. To find out more talk to your local assessor.
Which of these is not included on a credit card statement
Which of these protects you when applying to receive credit
Equal Credit Opportunity Act
Why do some utility companies allow customers to pay an average fee each month
it enables customers to avoid the high energy bills of peak
usage during coldest and hottest times of the year.
What methods has the highest finance charge
Charging the previous balance
Which does not need to be done if you feel someone may have obtained your personal information
Use the same passwords when opening new account
Which is not usually required by the lender when you apply for a home mortgage
Would not result from defaulting on a loan
Which of these is not a way in which credit card companies assess finance charges
some place a fee on the average yearly balance . ( A+ )
What is allowed by the creditor when you apply for credit
asking for your social security number
Which of these describes an adjustable rate mortgage
it is subject to changes in interest rates.
Is there a payday loans website for Christians
Yes, there are some websites for payday loans for Christians,
some examples are: Christian Faith Financial-Christian Payday
Loans, Payday Loans Apply and ChristianNet.
What describes a annual percentage rate
A measure of the cost of credit expressed as a yearly interest
rate.
What is a type of fee that a credit card company might charge
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.
How much equity does Lisa have in her house if Lisa's house was appraised at 115000 and she still owes 42000 on her mortgage loan
Which of these describes an assumable mortgage
It can be transferred from seller to a buyer