Question: List the three things that determine the amount of the
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?
Post your question