Do not use excell or any software. Use formulas/equations, and show calculations. Thank

you.

No data.

Just. Select three of these options and provide a brief

discussion that includes (1) a definition or explanation of the option, and (2) the impact that the option

will have on the borrower (and the repayment of the loan).

Name Question 4 (10 points total, 3.33 points each). Home mortgage lenders offer many different options for home buyers. Some of these options include (a) taking one or more points, (b) offering more frequent le.g. biweekly) payments ) offering adjustable interest rate loans (ARMs), and (d) offering a brief interest only payment period at the start of the loan. Select three of these options and provide a brief discussion that includes (1) a definition or explanation of the option, and (2) the impact that the option will have on the borrower (and the repayment of the loan)