Parents should make the choice about enrolling their child in a school or program on the basis of family convenience as most important.

Easing-in schedules are often difficult for families and teachers to arrange, but are very beneficial to children.

One of the purposes of newsletters is to give parents insights into the educational purposes underlying classroom activities.

When parents do not accept the teacher’s advice or suggestions, it indicates that they are indifferent to their child’s welfare.

Exam Instructions: The test must be completed within the specified time limit. No additional materials, devices, or internet access are allowed unless specified otherwise by the instructor. Make sure to work independently. Any form of academic dishonesty, including but not limited to cheating or unauthorized collaboration, will be subject to disciplinary action. University Property: Please note that this exam document is University property. It contains proprietary and confidential information. Honor Code Violation: Sharing this exam document with any internal students, external entities, or any unauthorized parties is a direct violation of the University’s Honor Code. Any such violations will result in immediate disciplinary action, including possible failure of the exam and further academic consequences. Submission: Follow the guidelines provided for submission. All answers must be submitted before the end of the allotted time. Ensure that your work is properly saved and submitted Deliverables: Answer each section, include images when necessary upload the pkt file with complete configurations Sign your full name to acknowledge that you have read and agree to these instructions.   

A ____ is an obligation by a bank to provide a specified loan amount to a particular borrower upon the borrower’s request. The interest rate and the purpose of the loan may also be specified.  The bank charges a fee for this.    

According to our textbook, banks hold cash (which is part of their balance sheet).  Which of the following is NOT TRUE about banks holding cash?

Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $280,000 and purchase price of the house is $285,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs. Jorge’s Total Gross Monthly income is S13,000.00 The proposed monthly PlTl is $3,650.00 Jorge’s total other monthly debt: $1,550.00 Based on this information, what is Jorge’s back-end debt to income ratio? (Round your answer to two decimal places).  

 Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $285,000 and purchase price of the house is $295,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs.  Closing costs total $5,000. How much will the lender lend to Jorge if they go to the maximum loan to value %?

 Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $285,000 and purchase price of the house is $295,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs.  Closing costs total $5,000. Based on the information above, how much money will Jorge have to come up with to finalize the purchase if the bank lends him the full loan to value amount?