8 . You are applying for a mortgage loan at 5 . 7 5 % over 3

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Question:

8 .

You are applying for a mortgage loan at

5.75 %

over

30

years with monthly payments. The home you are considering is at a price of $

229, 000 .

Lenders are offering

80 %

loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest?

9 .

Same facts as #

8,

what will be the balance of the loan after you have paid for a full

10

years?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: May 13, 2024 02:13 AM

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8 . You are applying for a mortgage loan at 5 . 7 5 % over 3

Question:

Expert Answer:

1 Monthly Mortgage Payment for Principal and Interest Given Mortgage loan amount 80 of 229000 loa... View the full answer

Income Tax Fundamentals 2013

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