__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation
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A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.
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Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : B. Repossession Explanation: Repossession is a term used to denote a financial institution taking back an object that was either used as collateral or rented or leased.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Description : Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Last Answer : C. Pledge Explanation: A pledged asset is collateral pledged by a borrower to a lender (usually in return for a loan). The lender has the right to seize the collateral if the borrower defaults on the obligation.

A bailment allows an owner of a personal property to transfer possession of it to another individual for any one of the following purpose; except: a) Sale b) Transportation c) Storage d) Lease

Description : A bailment allows an owner of a personal property to transfer possession of it to another individual for any one of the following purpose; except: a) Sale b) Transportation c) Storage d) Lease

Last Answer : d) Lease

what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits

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Description : Why are they already billing me for my student loan?

Last Answer : Why were you taking out a loan for high school? I thought they were only for higher education.

What Type of Tax must a Real Property owner pay on their homes?

Description : What Type of Tax must a Real Property owner pay on their homes?

Last Answer : A Landlord must pay property taxes on the Home. In our Area a $80,000 Home is Charged $2000 a year in property taxes. Every where is different but they will be in the same ball park.

What companies have paid training for medical billing?

Description : What companies have paid training for medical billing?

Last Answer : Switching medical billing companies have paid training for medical billing.

How many payments must you miss before there is a repossession?

Description : How many payments must you miss before there is a repossession?

Last Answer : Most lenders will begin proceedings to reposses once payments reach the 90 day late period. This does vary from vendor to vendor however.

How can I fight against Repossession?

Description : How can I fight against Repossession?

Last Answer : The best way to fight repossession is to pay your bills on time. If you can't do that call your creditors and see if you can work something out. The sooner you call the better chance you have of keeping your stuff.

How long does the repossession process of a car usually take?

Description : How long does the repossession process of a car usually take?

Last Answer : The repossession process of a car usually takes about 6 months

A charge where there is neither the transfer of ownership nor the possession is called _______ A. Pledge B. Hypothecation C. Mortgage D. Lien E. None of the Above

Description : A charge where there is neither the transfer of ownership nor the possession is called _______ A. Pledge B. Hypothecation C. Mortgage D. Lien E. None of the Above

Last Answer : B. Hypothecation Explanation: A charge against property for an amount of debt where neither ownership nor possession is passed to the creditor.

Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ A. 2 years B. 4 years C. 8 years E. 10 years

Description : Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ A. 2 years B. 4 years C. 8 years E. 10 years

Last Answer : C. 8 years Explanation: An education loan can not only fund your higher studies but also help save tax. The interest paid on the education loan can be claimed as deduction, as per Section 80E of ... and is available up to eight years, or until the payment of interest in full, whichever is earlier.

i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Description : i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Last Answer : It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com

How often does a pre-approved mortgage loan not happen?

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

What does a mortgage loan officer do exactly?

Description : What does a mortgage loan officer do exactly?

Last Answer : answer:It depends what type of company you're interviewing with. Home mortgage branches of large banks usually are commission driven. Credit unions usually have no commission whatsoever. You'll be staying an ... attorneys now but some still do their own closings, so you may handle that aspect also.

How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Description : How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Last Answer : Should be 2 weeks tops.

What is a good place to get a co-op mortgage loan?

Description : What is a good place to get a co-op mortgage loan?

Last Answer : I got a mortgage for my co-op from CitiMortgage - citimortgage.com - which is a division of CitiBank. I don't know where you live, but they apparently do a large portion of the mortgages on apartments in manhattan (where I live), which are primarily co-ops.

Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Description : Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Last Answer : From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Description : Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Last Answer : A mortgage(Apex)

Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

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FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

can i get a loan to fix my house and not take out second mortgage?

Description : can i get a loan to fix my house and not take out second mortgage?

Last Answer : can i get aloan to fix my house without taken a second mortgage out

How can I pay my mortgage loan on-line?

Description : How can I pay my mortgage loan on-line?

Last Answer : “How can I pay my mortgage loan on-line?”

How do I go about getting a title loan so I can make a mortgage payment?

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

Does a mortgage pre approval guarantee a mortgage loan approval?

Description : Does a mortgage pre approval guarantee a mortgage loan approval?

Last Answer : Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.

Is an FHA loan a type of government mortgage assistance?

Description : Is an FHA loan a type of government mortgage assistance?

Last Answer : Yes, an FHA loan is a special program for first time home-buyers. It offers you a first time home buyer credit and is a form of government assistance.

What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Is it possible to still get a reverse mortgage loan with bad credit?

Description : Is it possible to still get a reverse mortgage loan with bad credit?

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What is a reverse mortgage loan, and where can I get one?

Description : What is a reverse mortgage loan, and where can I get one?

Last Answer : A reverse mortgage is a type of (lifetime morage) for people the ages of 62 and over. It allows the homeowner to access a portion of their equity. I was always told it wasent a good idea.

What are the FHA loan requirements for mortgage insurance?

Description : What are the FHA loan requirements for mortgage insurance?

Last Answer : The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States ... properties since 1934 when it was created. Learn more about FHA loan requirements and guidelines.

Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Description : Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Last Answer : a) Mortgage loan

The unpaid principal balance of a loan on property divided by the asset‟s appraised value is termed as ______ A. Liquidity Adjustment Facility B. Loss Given Default(LGD) C. Loan to Value(LTV) D. Long term liabilities

Description : The unpaid principal balance of a loan on property divided by the asset‟s appraised value is termed as ______ A. Liquidity Adjustment Facility B. Loss Given Default(LGD) C. Loan to Value(LTV) D. Long term liabilities

Last Answer : C. Loan to Value(LTV) Explanation: The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is ... to represent the ratio of the first mortgage lien as a percentage of the total appraised value of real property.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

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Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring expenditure on communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Description : Consider the following statements about Internet facility: 1) It serves as the largest one-line information system. 2) It provides the most dependable and latest mode for sending E-mail. 3) Recurring ... communication E-mail is very high. 4) It is often misused and has triggered cyber-crimes.

Last Answer : 1) It serves as the largest one-line information system

Expansion of RDBMS is (1) Repairable Database Management System (2) Relational Database Management System (3) Relational Database Memory System (4) Recurring Database Memory System

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Last Answer : Relational Database Management System

What is the portion of a homes purchase price paid in cash and is not part of the mortgage?

Description : What is the portion of a homes purchase price paid in cash and is not part of the mortgage?

Last Answer : down payment

What is the portion of a home purchase price paid in cash and is not part of the mortgage?

Description : What is the portion of a home purchase price paid in cash and is not part of the mortgage?

Last Answer : down payment

husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Description : husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Last Answer : “husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”

Does a mortgage amortization table show me interest paid?

Description : Does a mortgage amortization table show me interest paid?

Last Answer : Yes, most mortgage amortization tables will show you both the principal paid and the interest paid over every year of the life of the loan. There are many free amortization calculators online, including one at http://www.myamortizationchart.com.

The owner of a TV shop charges his customer 20% more than the CP. If a customer paid Rs. 10800 for a TV, then find its original price? (a) Rs. 9300 (b) Rs. 8600 (c) Rs. 9800 (d) Rs. 7600 (e) None of the above

Description : The owner of a TV shop charges his customer 20% more than the CP. If a customer paid Rs. 10800 for a TV, then find its original price? (a) Rs. 9300 (b) Rs. 8600 (c) Rs. 9800 (d) Rs. 7600 (e) None of the above

Last Answer : (e) None of the above

Can I sell my property myself once a sign a real estate contract with a real estate agent?

Description : Can I sell my property myself once a sign a real estate contract with a real estate agent?

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What legal recourse do I have to get the vet bill paid by the owner of a mean pit bull?

Description : What legal recourse do I have to get the vet bill paid by the owner of a mean pit bull?

Last Answer : answer:If you haven't filed a complaint with the police, you need to do it now. Get pictures of the cat's wounds asap, and pictures of the dog, if possible. If you get pictures of his dogs ... small claims court, it wouldn't hurt to get other neighbors to go with you to register their own comments.

Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Last Answer : (3) Winning a lottery Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a ... pensions, charity, scholarships etc. Privatesector transfers include charitable donations and prizes to lottery winners.

Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house 

Last Answer : Winning a lottery