What is an amortization table? What does each mortgage payment represent?
Answer to relevant QuestionsList the three things that determine the amount of the monthly mortgage payment. Explain how each affects the payment. What are the two financial components you must consider before purchasing a home? Why should you consider them? Why do insurance costs and taxes vary among homes? Denise and Kenny are ready to make an offer on an 1,800- square- foot home that is priced at $ 135,000. They investigate other homes on lots of similar size and find the following information: • A 2,400- square- foot home ...The Sampsons expect that they will not move for at least three years. Advise the Sampsons on whether they should refinance their mortgage by comparing the savings of refinancing with the costs.
Post your question