Which term is defined as a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower
🔄 Click to see definition
Definition1/8
Armadillos are eaten by coyotes, bobcats, cougars, wolves, raccoonsand bears. Birds of prey such as eagles and hawks also eatarmadillos. Even people eat armadillos. In Central and SouthAmerica, their meat is sometimes used as a substitute for pork.
🔄 Click to see term
Term1/8
Which term is defined as the money you owe to a person business or institution that extended a loan to you
🔄 Click to see definition
Definition1/8
debt
🔄 Click to see term
Term1/8
Valerie wants to take out a discount loan of 569 The rate is 4.5 percent for 250 days How much interest will she pay
🔄 Click to see definition
Definition1/8
17.41
🔄 Click to see term
Term1/8
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years
🔄 Click to see definition
Definition1/8
1,773.60
🔄 Click to see term
Term1/8
Which of these is a signed promise to pay back a loan
🔄 Click to see definition
Definition1/8
promissory note
🔄 Click to see term
Term1/8
When is mortgage insurance typically required
🔄 Click to see definition
Definition1/8
when the down payment is under 20% of the homes purchase price
-kaya :)
🔄 Click to see term
Term1/8
What can you expect the down payment on a mortgage loan to be
🔄 Click to see definition
Definition1/8
from 10% to 40% of the selling price of the home
🔄 Click to see term
Term1/8
Which type of interest is calculated on home mortgages
🔄 Click to see definition
Definition1/8
compound
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (8)
Which term is defined as a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower
Armadillos are eaten by coyotes, bobcats, cougars, wolves, raccoonsand bears. Birds of prey such as eagles and hawks also eatarmadillos. Even people eat armadillos. In Central and SouthAmerica, their meat is sometimes used as a substitute for pork.
Which term is defined as the money you owe to a person business or institution that extended a loan to you
debt
Valerie wants to take out a discount loan of 569 The rate is 4.5 percent for 250 days How much interest will she pay
17.41
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years
1,773.60
Which of these is a signed promise to pay back a loan
promissory note
When is mortgage insurance typically required
when the down payment is under 20% of the homes purchase price
-kaya :)
What can you expect the down payment on a mortgage loan to be
from 10% to 40% of the selling price of the home
Which type of interest is calculated on home mortgages