Suppose you need to make $200,000 mortgage loan for 20 years; two options are available: one for
Question:
Suppose you need to make $200,000 mortgage loan for 20 years; two options are available: one for 7% with no discount point and another for 6% for two discount points; no early payments are available. Which option would you prefer? Assume monthly payments.
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The better option for you depends on your financial situation and risk tolerance If you can afford t...View the full answer
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Related Book For 
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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