Answer / rajesh

mortage is the transfer of a legal or eqitable intrest in a
specific immovable property for the payment of bebt

Answer / prasanna

1).A debt instrument, secured by the collateral of
specified real estate property, that the borrower is
obliged to pay back with a predetermined set of payments.
Mortgages are used by individuals and businesses wishing to
make large value purchases of real estate without paying
the entire value of the purchase up front.

Mortgages are also known as liens against property, or
claims on property.

2).In a residential mortgage, a homebuyer pledges his or
her house to the bank. The bank has a claim on the house
should the homebuyer default on paying his or her mortgage.
In the case of a foreclosure, the bank may evict the home's
tenants and sell the house, using the income from the sale
to clear the mortgage debt.

3).Debt instrument giving conditional ownership of an
asset, secured by the asset being financed. The borrower
gives the lender a mortgage in exchange for the right to
use the property while the mortgage is in effect, and
agrees to make regular payments of principal and interest.
The mortgage lien is the lender's security interest and is
recorded in title documents in public land records. The
lien is removed when the debt is paid in full. A mortgage
normally involves real estate and is a long-term debt,
normally 25 to 30 years, but can be written for much
shorter periods.

Originally written exclusively as fixed-rate fully
amortizing loans, mortgages have evolved into more flexible
contracts. Since the mid-1970s, the financial industry's
funding sources have become more volatile and market
sensitive, and legislation and regulation have relaxed the
prohibitions on alternative types of mortgage financing,
such as variable rate and adjustable rate mortgages. Recent
innovations in packaging of mortgage loans for resale in
the Secondary Mortgage Market to investors have helped to
create a national market for mortgage lending and a wide
variety of synthetic financial instruments, such as
theCollateralized Mortgage Obligation a multiclass security
consisting of several different mortgage backed bonds that
have payment characteristics quite different from the
mortgages securing the bonds.

if some persons salary from company is 15000/- P.M. and he pay school Fee Rs 1200/-P.m. LIc premiun 750/- P.M. home Lones premium 2800/- P.M. then his TDs from salary is /Deducted month of december 2010.?

1 Answers   Genpact,

---

WHAT IS THE LIMIT OF CC A/C

2 Answers  

---

what is capital work in progress?

24 Answers   Coca Cola,

---

I am a non commerce graduate acting as office manager in a construction company. I am interesting to learn accountancy thru short cut methods and in a short duration. Can any body there to help me. I will be pleased to receive any sugessions and learning tips to my e-mail

1 Answers  

---

What is Goodwill? If it is treated as asset in Balancesheet then what is on its opposit side i.e. liability side.

10 Answers   PCE, TCS,

---

what is Calculation of Gross Profit Or Gross Loss?

0 Answers   EDS,

---

What are the reason for negative operating cycle?

1 Answers  

---

Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

0 Answers  

---

if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever

0 Answers  

---

What's COOP

1 Answers  

---

I have done MBA Finance. After a lot of hard work i got a job as a business Analysist. Is that profile is good for my career? what are the future oppor. for me? Pls help me Thanks a lot

8 Answers  

---

Dear sir, please tell me how to calculate provident fund by employer?

4 Answers  

---