For the borro - Study guides, Class notes & Summaries

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...

Loan-to-Value Ratio (LTV)The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package MortgageIncludes both real and personal property ( fixtures and furnishings) Blanket MortgageCovers more than one piece of property. Wraparound MortgageMethod of financing which preserves the low, existing interest r...

2-year, 24-hour storm even - Correct Answer maximum 24-hour precipitation event with a probable recurrence interval of once in two years as defined by the National Weather Service and Technical Paper No. 40, "Rainfall Frequency Atlas of the US" May 1961 or equivalent regional rainfall probability information developed there from 24-hour Precipitation Event - Correct Answer amount of precipitation which occurs within any 24 hour period AEMA - Correct Answer Alabama Environmental Man...

Section 10: Presenting the Documents for Signing fully solved 2023The recommended first item of business is to give the borrower his copy of the documents in the loan package. - correct answer False A Notary Signing Agent should state, for the borrower, the Notary's exact role and limitation of authority. - correct answer True One thing that will bring the signing to a halt is the inability of the Notary Signing Agent to identify the borrower by a means that complies with state notary law...

Section 10: Presenting The Documents for Signing guarantee 100% rated The recommended first item of business is to give the borrower his copy of the documents in the loan package. False A Notary Signing Agent should state, for the borrower, the Notary's exact role and limitation of authority. True One thing that will bring the signing to a halt is the inability of the Notary Signing Agent to identify the borrower by a means that complies with state notary law, and that is accep...

WISE test prep 2023 actual questions and answers with complete solution Instead of keeping money under a mattress, people prefer using a bank or credit union savings account for all of the following reasons EXCEPT The interest earned is not taxable. If a person loses a debit or ATM card, and the card is used by someone else, the person who... finds the card may withdraw money from the account Why should a person reconcile their baking account? it helps them to avoid withdrawing more mone...

1A FOREWORD Living is a continual educational process. If you truly want to be free and free from debt, it is your responsibility – and yours alone – to educate yourself. No one can do it for you. This compilation is simply a guide. It is not set in concrete. It changes constantly as the realm of experience grows. Remember that not too long ago it was a crime to teach American slaves to read and write, that the prevalent philosophy was to keep women barefoot and pregnant? Unfortunately...