How do price, convenience of the location, and maintenance affect your home-buying decisions?
Answer to relevant QuestionsWhy is the reputation of the school system in the area of the home you are buying important? If the cost of refinancing their house is $ 3,860, how long would Doug and Lynn have to remain in their home in order to recover the cost? (Ignore any interest on the savings in answering this question.) 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? Refer to Brad’s personal cash flow statement that you developed in Part 1. Re-compute his expenses to determine if Brad can afford to a. Purchase the new car b. Lease the new car c. Purchase the condo d. Purchase the ...What is homeowner’s insurance? How the premiums are normally paid?
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