You are buying a house and the mortgage company offers to let you pay a point (1%
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You are buying a house and the mortgage company offers to let you pay a “point” (1% of the total amount of the loan) to reduce your APR from 5.93% to 5.68% on your $402,000, 30-year mortgage with monthly payments. If you plan to be in the house for at least five years, should you do it?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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