Justins new FHA mortgage is for $131,500. How much will his overall mortgage increase with an upfront
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Justin’s new FHA mortgage is for $131,500. How much will his overall mortgage increase with an upfront fee of 1.5%? How much will his total mortgage be with the upfront mortgage insurance fee added? Will Justin always pay mortgage insurance on this loan?
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Justins mortgage will increase by the amount of the loan mu...View the full answer
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