9 Answered Questions for the topic Mortgage

03/27/19

#### Basic bookkeeping account entries for a house purchase and mortgage?

I borrow 200,000 to purchase a house worth 250,000, putting down 50,000 of my own.
The borrowing is at 5% over 30 years.
What are the basic double-entry bookkeeping entries I must make to record...
more

11/26/17

#### Mortgages pb help pleaaase

A home selling for $620,000 is to be purchased with a 30% down payment and the remainder financed through mortgage with monthly payments over 25 years. Determine the monthly payment if rates for...
more

04/14/17

#### If Shantel and Kwamie made a down payment of $15,000 on a $165,000 home, what would be their monthly payment assuming they finance for 25 years at 4.25%?

I really need help with this

Mortgage Interest Rates

02/16/16

#### jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?

jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?

Mortgage Math

04/30/15

#### You have decided that you want to buy a home in 6 years, you believe you can afford a house that is $240,000

You have decided that you want to buy a home in 6 years, you believe you can afford a house that is $240,000.
A.) If you want to have 15% for a down payment, how much will you need to have for...
more

Mortgage

04/06/15

#### 75,000 fixed rate mortgage 30 years @ 5%. What will the principal balance be after 4 regular payments and a 1 time $100 principal payment

the principal and interest payment is 402.62

Mortgage Mortgage Loans And Closing Costs

03/11/15

#### Mortgage loans and closing cost...can i get some help pleas

Lateefah and eric have been granted a mortgage loan at an annual rate of 5.5 percent for 15 years. the home has a selling price of $175,000and they need a 20 percent down payment. the bank will...
more

10/01/14

#### A family wants to purchase a house that costs $130,000. They plan to take out a $100,000 mortgage on the house and put $30,000 as a down payment.

A family wants to purchase a house that costs $130,000. They plan to take out a $100,000 mortgage on the house and put $30,000 as a down payment. The bank informs them that with a 15-year mortgage...
more

#### Calculate the equity in your home after 10 years.

When you purchase a home by securing a mortgage, the total paid toward the principal is your equity in the home. (Technically, the lending agency calculates your equity by subtracting the amount...
more

## Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.

Most questions answered within 4 hours.

#### OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.