List the three things that determine the amount of the monthly mortgage payment. Explain how each affects the payment.
Answer to relevant QuestionsDiscuss the characteristics of an adjustable- rate mortgage. What influences your choice of a fixed- or adjustable- rate mortgage? What is mortgage refinancing? Are there any disadvantages to refinancing? What is the main factor in determining a home’s resale value? How can you predict a home’s resale value? Who pays commissions when a home is sold? Larry and Laurie have found a home and made a $ 125,000 offer that has been accepted. They make a down payment of 10%. Their bank charges a loan origination fee of 1% of the loan and points of 1.5% (both are based on the ...Why might your advice about refinancing change in the future?
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