4.3 Tax and investment aspects of ownership Exam Questions And Answers Guaranteed Pass.
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Course
TAX.
Institution
TAX.
__________Is calculated every month or after every schedule payment on the remaining principal over the term of the mortgage - correct answer Interest
Fees for administration reviewing applications we are buying credit worthiness and processing paperwork, the...
__________Is calculated every month or after every schedule payment on the remaining principal over
the term of the mortgage - correct answer Interest
Fees for administration reviewing applications we are buying credit worthiness and processing
paperwork, the price of real estate equaling one percent of the loan value and the lenders cost for
funding the loan are - correct answer Loan origination fees
One point is equal to - correct answer 1% of the loan value
Term is used when buyers are looking to get discounted rates at least for the first years of their
mortgage - correct answer Buy down
Discount points allow buyers to prepaid interest in exchange for a - correct answer
Reduced mortgage interest rate
You may opt to pay____points, or go as high as____ Points - correct answer 0, 4
A one point by down on a $90,000 mortgage equals - correct answer $900
A two point buydown on a $90,000 mortgage would be - correct answer $1800
I'm owners must utilize the___when preparing tax returns to claim deductions most people do anyway -
correct answer Cash accounting method
Why discount points and loan origination fees are tax deductible__points are not - correct answer
Origination points
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