Del is buying a $250,000 home. He has been approved for a 3.75% mortgage. He was required
Question:
Del is buying a $250,000 home. He has been approved for a 3.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. His first mortgage payment is due on August 1. How much should he expect to pay in prepaid interest at the closing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer Del is expected to prepaid to pay 53562 in prepaid interest at the closing Explanation ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0 Reviews
10+ Question Solved
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
