ekautz7489 ekautz7489
  • 01-03-2024
  • Business
Answered

If a seller has a $94,000 first mortgage and a $25,000 second mortgage and agrees to sell for $155,000 with a $22,500 cash down payment, what is the equity in the home?
A) $13,500
B) $36,000
C) $22,500
D) $119,000



Answer :

Other Questions

An owner's interest or value in property, over and above the mortgage debt, is known as a. Equity b. Capital c. Profit d. Interest
Jack buys Don's property, which is subject to a mortgage. After five years of payment, Jack defaults and misses a payment. What is the appropriate remedy for th
The most common type of FHA-insured mortgage is called Section a. 203(b) b. 251 c. 255 d. 221(d) (4)
Jamie wants to sell her home. She must pay off her existing $97,500 mortgage and pay $5,000 in closing costs. Rounding your answer to the nearest dollar, if she
Homeowners with both a first and second mortgage decide to ask their primary lender to accept a short sale offer on their home. The primary lender allows the sh
An investor owns five properties and wants to sell two of them. According to the License Law, the investor: a. Must obtain a real estate license b. Does not nee
What is NOT required of a veteran to obtain a VA-guaranteed loan? A) Good credit score B) Certificate of Eligibility C) Proof of military service D) Down paymen