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Banks are expected to work with borrowers to make their mortgages payable.
If all 3,000 clients ended with mortgages payable to the firm, Mr. Ticktin said, "that would be wonderful, but realistically I'm expecting fewer".
This should give you records for accounts receivable, inventory, marketable securities, real estate, machinery and equipment, accounts payable, accrued liabilities, notes payable and mortgages payable.
Similar(57)
For some Florida residents, the price of getting out of foreclosure will include taking on a second mortgage — payable this time to their lawyers.
Then we borrow $800,000 debiting cash and crediting mortgage payable.
Long-term liabilities include: long-term notes and mortgages, bonds payable, and pension plan obligations.
Each point is equal to 1% of the mortgage amount, payable at or before closing.
That consists of 2percentt of the value of the property (in this case $4,000) for a one-time mortgage insurance premium payable to the Department of Housing and Urban Development, another 2percentt for the lender's origination fee and about $2,400 for the array of closing costs, including title search, appraisal, recording fee and attorneys' fees.
The payments immediately stopped and the mortgage became due and payable.
There already deals where future rate cuts have been factored in, such as GMAC's two-year fixed rate mortgage which has a payable rate of 4.99%.
Other co-ops, he said, take out a "balloon" mortgage; that is, while the mortgage repayment schedule may be based on, say, a 30-year amortization schedule, the unpaid balance of the mortgage is "due and payable" in, say, 10 years.
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CEO of Professional Science Editing for Scientists @ prosciediting.com