Question: https://bbweb.stockton.edu/bbcswebdav/pid-458551-dt-content-rid-1007651_1/courses/81025.201380/Redding%20Case.pdf 9. Determine whether the Reddings will currently qualify to refinance their home. Is the house eligible for refinancing by a lender requiring a maximum

https://bbweb.stockton.edu/bbcswebdav/pid-458551-dt-content-rid-1007651_1/courses/81025.201380/Redding%20Case.pdf

9. Determine whether the Reddings will currently qualify to refinance their home. Is the house eligible for refinancing by a lender requiring a maximum loan-to-value ratio of 80%? How much cash would the reddings need if they refinance?

10. Assuming that the Reddings decide to use their savings account to pay down the mortgage so they are able to refinance their current mortgage, calculate the monthly payments for each of the terms below. For purposes of this question, disregard whether the Reddings qualify to refinance their home. Assume they maintain the lender

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