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Lidan is going to meet with a mortgage broker about obtaining a loan on a new apartment she wants to buy. The apartment would cost her $325,000. Her credit score is 580. She would most likely borrow money in form of a…. (A) government loan (B) conventional loan (C) subprime loan (D) jumbo loan Paul is going to buy a home for $1.5MM. He is getting a substantial bonus of $500,000 for his excellent performance in 2013. If Paul has a FICO greater than 720 he will most likely borrow the remaining $1MM in the form of a… (A) government loan (B) conventional loan (C) subprime loan (D) jumbo loan Sylvia has a credit score of 740 and after making a 20% downpayment of her purchase price will be buying a studio apartment in Park Slope. She will need to borrow $375,000. She will most likely borrow the money in the form of a… (A) government loan (B) conventional loan (C) subprime loan (D) jumbo loan The remaining questions, Q4 – Q10 will use the following information. Tom walks into the Really Big Apple Savings Bank to see you and to get pre-approved on a mortgage loan. (A borrower can be pre-approved for a loan based off of credit history and income and assets. The loan would be approved subject to an acceptable appraisal). Tom is ready to go shopping for an apartment and knows that if he tells the broker that he is already pre-approved by the bank he stands a much better chance of negotiating the price of the apartment. Tom makes $150,000/year and has $400 in monthly credit card expenses, $250/month in student loan payments and a $200/month auto lease payment. Tom is looking in Williamsburg and based on your data you know that annual property taxes and property insurance total $5,400 annually in that area. He is looking for a 30 year, fixed rate mortgage and subject to approval you will be able to offer him an 85% LTV mortgage at 5.65% with zero points of origination expenses. What is Tom’s Front-end DTI maximum monthly mortgage loan payment using a 28% DTI ratio? What is Tom’s Back-end DTI maximum monthly mortgage loan payment using a 36% DTI ratio? What is the maximum monthly mortgage payment you will allow Tom to make? If Tom takes out the loan exactly at that maximum payment amount how large a loan can you make to him? If he takes out that size loan (in Q#7) how much can he afford to pay for the apartment? If the appraisal you obtain only shows the value of the apartment to be $600,000 how much will the bank lend Tom to buy it? If Tom’s FICO score comes back at <680 you will need to charge him 50bps more on his lending rate. If that happens what will be the most you will lend him?
Distinguish between a variable cost, a fixed cost, and a mixed cost. Identify a publicly traded, well-known company, and identify what you envision would be a variable cost, a fixed cost, and a mixed cost for this company.
Consider a project to supply 103 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $1,930,000 five years ago; if the land were sold today, it would net you $2,130,0..
The average unlevered beta of publicly traded Sodium Chlorate businesses is 0.94. Assume zero debt betas. The target capital structure that is appropriate for Collinsville plant is 35% debt and 65% equity. What is the appropriate cost of capital for ..
It is now the beginning of a year. Jared is considering the purchase of a 7 percent (coupon rate), 10-year bond that is presently priced to yield 12 percent (i.e. market interest rate is 12 percent). If his expectations are correct, what kind of real..
What is the beta of Stock A given the following returns of the market and Stock A in two states of the economy? Market Return (%), State of the Economy, Normal 15%, Recession 5%. Stock A Return (%), State of Economy, Normal 20%, and Recession 6%.
Suppose that you have $82,500 to invest and would like to purchase 1500 shares of ABC Corp's shares which are currently trading for $100.00 per share. Law requires that all brokers have an Initial margin of 50% but your broker demands a 55% initial m..
Calculating Future Values. You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn a 10.1 percent rate of return and make no additional contributions, what will your account be worth when you retire ..
A hospital outpatient department budgets for 1,500 visits per year. At the end of the year, the hospital has had 1,200 patient visits. When comparing the flexible budget to the static budget, which of the following will be true?
What will be the dollar value of the management team's original $2 million equity investment at the time of the liquidity event?
What is the present value of $7,800 received 13 years from now using a 16% interest or discount rate, with interest compounded annually?
Oak Enterprises has a beta of 1.2, the market return is 8%, and the T-bill rate is 4%. What is their expected required return of common equity?
find a publicly-traded company on yahooreg finance by entering the company name in the search bar. some examples
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