Adjusted trial balance gives the following balances Dec. 31/08
Cash 00 DR
A/R 7,500 DR
Prepaid Insurance 00 DR
Supplies 570 DR
Land 102,500 DR
Building 150,000 DR
Acc. Amort. Building – 24,000 CR
Equipment 28,000 DR
Acc. Amort. Equipment – 8,400 CR
A/P 12,740 CR
Salaries Pay. 2,850 CR
Interest Pay. 1,400CR
Unearned Revenue 2,190 CR
Mortgage Payable 198,000
Capital 58,500 CR
Drawings 7,200 DR
Service Revenue 73,500 CR
Salaries [...]

1. Real Estate is a highly Liquid Investment – which is why it is simple to complete transactions quickly.
2. A mortgage and a promissory note are normally executed at the same time.
3. A “perpetuity” is an annuity that goes on forever.
4. Lenders are not concerned with Default Risk, Interest Rate Risk, or Prepayment Risk.
5. Constant [...]

Can someone please tell me how to solve this question? I know the answer is ,049.20 but I don’t know how to get that. Thanks!
The Bandon family buys a house for 5,000 in Saskatoon. To avoid a mortgage loan insurance by CMHC (Canada Mortgage and Housing Corporation), they make a 30% down payment and amortize [...]

17) If a house is bought for 5,000 with a 25% down payment, how much is the amount financed?
=165,000*(1.00-.25)
=165,000*(.75)
=123,750
1.)If the amortization period is 20 years and the interest rate is 6.75% for the house in question 17, what would the monthly mortgage payment be if the rate is .55 per 00?
2.) The assessed value of [...]

Hi folks,
I’m in the process of attempting to finance an aircraft buy. Because this aircraft is right around the minimum amount most finance companies will finance at all, price-wise, I’m the quandary of either having to go cash on it or finance a higher amount aircraft. I have the cash but do not wish to [...]

im ancient and out of options. I need to know what financial requirements must be met to qualify for a mortgage?
What is the minimum down payment required for a mortgage?
What are the advantages and disadvantages of a large down payment instead of a small down payment?
What is the current interest rate on a 5 year [...]

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but "Stolen" !!
in reality then, despite contracts of sale, first second and third mortgages,conforming loans, Deeds, Deeds of Trust, home equity loans, Trusts, Notes. Assignments, encumbrances, amortizations, settlement statements, and such, you don’t really own a darn piece of U.S.property do you? Not a parcel.
And of you reckon you do, please clarify how you [...]

On 01/01/2000 I bought an apartment on the buy price of $ 433,200.00
The sum is paid by a mortgage consists of 5 six-monthly payments, the first of which dated 01/04/2002.
Current rates are:
- 4.00% per year until 01/03/2003;
- 5.00% per year for the subsequent periods.
Determine:
a)the installment loan;
b)write the loan amortization schedule
30 minutes ago – 4 days [...]

Fixed rate balloon loan on a 557 month amortization schedule with a maturity date of 3/1/2036, remaining term of 317 months.
???
Remaining term is 317 months at 4.87%. 2.23 is the P & I. Yes, the 46 year part is where I got confused.

I could lower my monthly mortgage payment to 0 by putting a lump sum of ,000 in. The interest rate i have right now is 5.85%.. So is it like putting that ,000 in a bank account over 27 years (which is the length of my mortgage payment) at a interest rate of 5.85%? [...]