Based on the information on finance payments that you retrieved from the loan payment Web site, advise the Sampsons on the best loan maturity for their needs.
Answer to relevant QuestionsWhat is your first task when considering buying a home? Why is this step important? How can a real estate broker help you? What is an amortization table? What does each mortgage payment represent? What is mortgage refinancing? Are there any disadvantages to refinancing? Once you have reduced your list of three or four homes down to one home, what is your next step? Should you offer the price the seller is asking? Describe how you would conduct a market analysis of the home. This month you made a mortgage payment of $ 700, of which $ 600 was an interest payment and $ 100 a payment of the loan principal. You are in the 25% marginal tax bracket. What is the tax savings as a result of this payment?
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