Each of the following mortgage loans is for $155,000 . the closing costs on each loan will be $4,200, and all points will be paid by the buyer. which loan requires the most money to be paid up front at closing?
a. adjustable-rate mortgage - 5 percent interest with 2 points
b. fha-insured mortgage - 7 percent interest with 1 point
c. conventional mortgage - 8 percent interest with 0 points
d. all require the same amount at closing.
Answers: 3
Another question on Business
Business, 22.06.2019 10:20
What two things do you consider when evaluating the time value of money
Answers: 1
Business, 22.06.2019 12:00
Describe the three different ways the argument section of a cover letter can be formatted
Answers: 1
Business, 22.06.2019 21:30
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
Business, 22.06.2019 23:50
When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.
Answers: 2
You know the right answer?
Each of the following mortgage loans is for $155,000 . the closing costs on each loan will be $4,200...
Questions
Social Studies, 18.09.2019 18:30
Social Studies, 18.09.2019 18:30
Mathematics, 18.09.2019 18:30
History, 18.09.2019 18:30
Mathematics, 18.09.2019 18:30
English, 18.09.2019 18:30
English, 18.09.2019 18:30
History, 18.09.2019 18:30
