Why does the value of a home depend on the demand for homes? What factors influence the demand for homes?
Answer to relevant QuestionsHow do lenders protect their interest in a home? Describe two government-backed home loan programs. Discuss the characteristics of an adjustable- rate mortgage. What influences your choice of a fixed- or adjustable- rate mortgage? Explain how stronger economic conditions affect the values of homes. If the cost of refinancing their house is $ 3,860, how long would Doug and Lynn have to remain in their home in order to recover the cost? (Ignore any interest on the savings in answering this question.) Matt has found a condominium in an area where he would enjoy living. He would need a $ 5,000 down payment from his savings and would have to pay closing costs of $ 2,500 to purchase the condo. His monthly mortgage payments ...
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