Two systems of naming are in vogue : (1) Binomial nomenclature (2) Desi nomenclature. Desi nomenclature…
Mortgage
we’ll break down the Mortgage Cycle and see where you and your customers fit into the process. We’ll also discuss where in the mortgage time line each process is located. From there, we’ll take a closer look at the key players and their roles in the mortgage process.
Going concern assumption and Consistency Concept
(1) Going concern assumption: This is an important concept of accounting method. According to this concept…
What is Depreciation and Characteristics Depreciation
Business includes different types of fixed assets like machinery, furniture, building, vehicles, computers etc. Each property…
What is Trial Balance ?
“A raw balance is a sheet which shows the mathematically correct balances of credit and balances…
Demand For Money and Money and Supply of Money
The demand for money tells us what makes people desire a certain amount of money. Since…
What is Conventional Mortgage Financing
Past few generations, homeownership has been the bedrock of household financial assets. Even during the recent…
The Truth About Conventional Mortgages
Hearing these types of things could make a potential new homebuyer nervous about buying a home.…
Understand The Mortgage Cycle
In this section, we’ll break down the Mortgage Cycle and see where you and your customers…
What is an adjustable-rate mortgage?
An adjustable-rate mortgage differs from a fixed-rate mortgage in many ways. Most importantly, with a fixed-rate…
What Role Did Piggyback Lending Play in the Housing Bubble and Mortgage Collapse?
We examine the use of simultaneous close junior lien lending over the course of the recent…
