Briefly describe the various benefits of owning a home. Which one is most important to you? Which is least important?
Answer to relevant QuestionsWhat are mortgage points? How much would a home buyer have to pay if the lender wanted to charge 2.5 points on a $250,000 mortgage? When would this amount have to be paid? What effect do points have on the mortgage’s rate ...Why should you investigate mortgage loans and prequalify for a mortgage early in the home-buying process?What are the most common guidelines used to determine the monthly mortgage payment one can afford?Find the monthly mortgage payments on the following mortgage loans using either your calculator or the table in Exhibit:a. $80,000 at 6.5 percent for 30 yearsb. $105,000 at 5.5 percent for 20 yearsc. $95,000 at 5 percent for ...1. Given the information provided, use Worksheet 5.2 to evaluate and compare Sophia’s alternatives of remaining in the apartment or purchasing the condo.2. Working with a friend who is a realtor, Sophia has learned that ...
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