Find out the current mortgage rates (source), find a house of your choice (provide all info) and compute the payment on a 15 year mortgage and 30 year mortgage, with the 20% downpayment. Evaluate both loans and discuss the pros and cons of a 15y and a 30y mortgage. Discuss the installement plan and the payment on colletaral vs the interest payment during the first year of your mortgage for 15y and 30y mortgage

Answer rating: 100% (QA)

Mortgage rates can vary depending on various factors such as the lender location and individual financial circumstanced To compute the payment on a 15... View the full answer