Question: Answer the questions below based on comparing two different loan options using the worksheets you created for the assignment. Option A is 1 5 -

Answer the questions below based on comparing two different loan options using the worksheets you created for the assignment. Option A is 15-year $235,000 fixed rate mortgage loan offered at 5.1% with $3,000 of origination fees. Option B is a 15-year $235,000 fixedrate mortgage loan offered at 4.4% with $9,000 of origination fees.
What is the APR of each Loan Option if the Borrower plans to Prepay after 2 years?
What is the APR of each Loan Option if the Borrower plans to Prepay after 10 years?
What loan option stould a borrower select if they plan to prepay after 36 months? Why?
Answer the questions below based on comparing two different loan options

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