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.)
Answer to relevant QuestionsPaul wants to purchase his own home. He currently lives in an apartment, and his rent is being paid by his parents. Paul’s parents have informed him that they would not pay his mortgage payments. Paul has no savings, but ...Lloyd and Jean are considering purchasing a home requiring a $ 75,000 mortgage. The payment on a 30- year mortgage for this amount is $ 498.97. The payment for a 15- year maturity is $ 674.12. What is the difference in the ...The Sampsons expect that they will not move for at least three years. Advise the Sampsons on whether they should refinance their mortgage by comparing the savings of refinancing with the costs. List and briefly discuss factors that will affect your auto insurance premium. What is risk? What is risk management? How does insurance fit into risk management?
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