Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. List all items that must be disclosed in the truth in lending disclosure. 2. Why should a real estate investor (rental real estate) borrow

1. List all items that must be disclosed in the truth in lending disclosure.

2. Why should a real estate investor (rental real estate) borrow a significant amount of money to purchase the property, rather than use a large down payment?

3. Property secured by a mortgage will not be protected in bankruptcy. What does this mean?

4. Research convertible mortgage loan and explain how they work.

5. Research "recourse clause" and explain how it works.

6. Research "acceleration clause" and explain how it works.

7. What are you risking with a home equity loan, home equity line of credit, or a 2nd mortgage?

8. Explain how to avoid purchasing GAP insurance while still mitigating the risk that you are trying to protect. This will require some research.

9. With regard to debt, "every liability on your personal balance sheet should be matched with an asset" explain what this phrase in quotes means.

10. Define and explain the 28/36 rule.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Retirees Complete Annuity Handbook

Authors: Scot Whiskeyman

1st Edition

8647470052, 979-8647470058

More Books

Students also viewed these Finance questions