题目内容
Applying for a mortgage Susan Thomas and her husband Alan have decided to buy a house. They have seen one that they like and now have to get a mortgage loan. Susan goes to see Joan Bentley. Ms. Bentley works in the mortgage department of the Yorktown Bank in Texas, where the Thomases live. Ms. B: Hello, Mrs. Thomas. How are you today I hear you want to apply for a mortgage loan with us. Mrs. T: That’s right. I hope you have the time to answer some questions, though. My husband and I have never owned any real estate before and we have only elementary ideas about mortgages. Ms. B: I’ll be happy to help you in any way I can. What would you like to ask Mrs. T: First, is there any difference between a mortgage and a mortgage loan I have heard both terms used. Ms. B: Yes there is, although in everyday speech people call the mortgage loan’a mort- gage. The mortgage is actually a written document. In legal terms it is called an instrument of conveyance because it transfers title of property from one party to another. The mortgage loan is, of course, the money that the mortgagee lends to the mortgagor so that the mortgagor can buy a house or some other piece of real property. Mrs. T: I see. That’s clear to me now, but something has been worrying me. Many of my friends have told Alan and me that it won’t be easy to get a mortgage. I don’t know what they mean--Alan and I have always held good jobs. It seems that two good risks like us wouldn’t have much difficulty in getting financing for a new home. Ms. B: The problem isn’t the element of risk. The supply of mortgage money has become very tight lately. Also, with interest rates rising, banks don’t want to lend a large sum of money for 25 or 30 years at a fixed rate. Mrs. T: When you mention fixed rates you remind me that I have been hearing a lot about variable - rate mortgages. I’m not quite sure that I understand exactly what they are, but people say more and more banks are using them now. Ms. B: I can explain them to you. In the past, the borrower or mortgagor paid the same rate of interest over the life of the mortgage. Monthly payments to the bank were the same for 30 years. But with variable-rate mortgages they can be adjusted every six months to changes in the interest rates banks pay on deposits. Mrs. T: That sounds very upsetting to me. What if the borrower gets a very large increase How would he meet his payments Variable - rate mortgages must greatly increase the possibility of the bank’s foreclosing. Ms. B: Not really. The bank can’t adjust the rate more than 1/4 of one percent for any six - month period. And most banks give an initial guaranteed - rate period of six months to five years. During this period, no adjustments are allowed. However, there’s no limit to how much the rate that you pay can rise or fall over the life or the mortgage. Mrs. T: Why have banks begun to insist on variable-rate mortgages The old system seems so much simpler. Ms. B: I’ll admit it was simpler, but changes in conditions have made it difficult for banks to keep the system of fixed - rate mortgages. With certificates of deposit and other term - de- posit accounts, banks now pay very high interest rates to depositors in order to attract their money. These interest rates fluctuate, too, so banks want the protection of variable - rate mortgages. Mrs. T. Your explanation makes me feel more secure about variable -rate mortgages. How much does your bank expect as a down payment Ms. B: Between 10% and 20% of the purchase price. Is that possible for you and your husband Mrs. T: Yes. We have saved enough money for that. I would like to fill out an application. Ms. B: Fine. Here’s one. We will be able to let you know whether we approve it or not in a week or ten days. Mrs. T: Thank you very much. Comprehension check State whether each sentence is true or false based on the dialogue of this lesson. In the past, mortgage rates were fixed for the life of the mortgage.
查看答案
搜索结果不匹配？点我反馈
更多问题
Don’t call him just a college professor. Internet entrepreneur, TV personality, advisor to presidents, and friend to the rich and powerful would be more accurate. Henry Louis "Skip" Gates Jr. is better known for his activities outside the academy. This week he sold Africana com, a website he created with a fellow Harvard University professor, to Time Warner. Terms of the deal weren’t revealed, though the Wall Street Journal pegged the price at more than $10 million, with Gates reaping up to $1 million. Time Warner will incorporate the site, a portal with news and information about people of African descent, into America Online when the two merge as expected. The sense is that Gates got a very good deal. The site is a rich source of scholarship but hardly a rich source of revenue. As recently as the late 1980s Gates, who turns 50 this week, was an obscure professor, penning books on literary theory only a graduate student could love. Now he can’t be avoided. He hosted a series about Africa on public television, writes occasional articles for the New Yorker, and even advises the Gore presidential campaign. He counts director Steven Spielberg, Microsoft’s Bill Gates and President Clinton as friends. "They’re not intimate friends," he insists. Indeed, Gates has evolved into a kind of expert on everything African-American. "He remains the go-to person on the state of African-American affairs," said Perry Steinberg, head of American Program Bureau, a lecture agency. The 30 or so speeches Gates delivers each year are another source of income for the professor. With fame comes controversy. Several other black intellectuals have taken him to task for not being confrontational enough. Gates has heard it before. ’"Me Critics Oh, what a shock." But he considers himself more a descendent of historian and educator W. E.B. Du Bois than of Malcolm X. His ultimate goal is to build the field of Afro-American studies. "Fifty years from now I want there to be at least 10 great centers of Afro-American studies," he says. If working as a consultant on Spielberg’s historical film Amistad or giving A1 Gore advice helps, so be it. What can we learn about Africana com
An auto loan John Baker works in the loan department of a bank in Denver, Colorado. He is a loan of- ricer. Stanley Fanelli has an appointment with him now to ask about a loan. He needs money to buy a new car. Mr. B: Hello, Mr. Fanelli. Please have a seat. What can I do for you today Mr. F: I want to borrow some money to buy a car. A friend of mine, Jack Richardson, bought a new car last week. He told me that he got his loan here. Mr. B: Oh yes. I remember him. I was the loan officer who spoke with him. Mr. F: He said that you were very helpful. I know very little about loans and I hope you can explain things to me. Mr. B: I will certainly try. What questions did you have for me Mr. F: First, I want to know if loans for buying cars are commercial loans or personal loans. Mr. B: Neither, Mr. Fanelli. They’re auto loans. A commercial loan is principal that banks lend to businesses. Personal loans are made to individuals, but not for buying cars. Mr. F: What about interest rates Mr. B: The rate of interest currently in effect on auto loans is 16%. Mr. F: For how long will I have to make monthly payments Mr. B: The term of the loan is three years, so there will be 36 monthly payments. Mr. F: Do I have to give the bank any collateral Mr. B: The car serves as collateral. If you default, the bank can take possession of the car. The bank also checks your credit file to make sure that you always paid back your loans in the past. Do you have any charge accounts Mr. F: My wife and I bought our furniture with our charge card and we even used it to buy airplane tickets for our vacation in California last year. We paid off both those debts promptly. Mr. B: That’s very good. I assume there will be no problem. But the first thing you have to do is fill out this loan application. Mr. F: Thank you very much. I’ll start right now. State whether each statement is true or false based on the dialogue between John Baker and Stanley Fanelli. Car loans are personal loans.
Forget football. At many high schools, the fiercest competition is between Coke and Pepsi over exclusive "pouring rights" to sell on campus. But last week Jeffrey Dunn, president of Coca-Cola Americas, called a timeout: Coke’s machines will now also stock water, juice, and other healthful options--even rival brands and their facades will feature school scenes and other "noncommercial graphics" instead of Coke’s vivid red logo. "the pendulum needs to swing back" on school-based marketing, said Dunn. Coke’s about-face--particularly the call to end the exclusive deals that bottlers make with school districts--comes amid rising concern over kids’ health: American children are growing ever more obese and developing weight-related diseases usually found in adults. While inactivity and huge helpings factor heavily, a recent study in the Lancet fingered soda pop as a likely culprit. Communities--and legislators--are already on the case. Last year, for instance, parents in Philadelphia detailed a proposed contract with Coca-Cola that would have netted the school system $ 43 million over 10 years. And in a searing’ report to congress last month, the U. S. Department of Agriculture recommended that all snacks sold in schools meet federal nutrition standards (the requirements are loose enough that Snickers bars qualify). Spare change Activists hope Coke’s capitulation will help curb commercialism in schools altogether. From ads on Channel One, which broadcasts current-affairs programs on classroom TV, to middle-school math texts that cite Nike and other bran-name products in their word problems, to company-sponsored scoreboards on football fields, American pupils are bombarded. But Andrew Hagelshaw, executive director of the Oakland, Calif.-based Center for Commercial-Free Public Education, views Coca-Cola’s policy shift as a "partial victory". Schools sign contracts with local bottlers; the parent company can only urge them to back off. Moreover, Coke’s machines will remain in place, although with healthier options. And don’t expect teenagers to suddenly swear off the stuff--or school districts to give up the revenue. At Wheeler High School in Marietta, Ga., where students arrive before 7 a.m. and stay as late as 11 o’clock at night, they rely on the machines. And the $ 50,000 in annual vending revenues have enabled Principal Joe Boland to refinish the gym floor, in- stall a new high-jump pit, and pay $ 7,000 for two buses. "If someone made an offer to me to take the machines out, I’d consider it," says Boland. "But nobody’s offering me any money.\ Supporters of Coca-Cola would say that its new practice will ______.
在企业破产法律制度中，债权人在和解协议中对债务人所作的减免债务，效力不及于其保证人，保证人仍应按照原来的约定承担保证责任。( )
微信支付 
支付宝支付