its in the instruction. Hence, the same lender can offer 10, 20, or 30 year FRM (fixed rate mortgages) each requiring different

up-front fees and points and different monthly payments. So, question D is asking to compare 10 years, 20 years, or 30 years FRM fixed mortgage loans.

Case #6 Updated March 2019 Mortgage loan comparisons can be very confusing. There are numerous mortgage categories and then within each category one can create an endless number of products by altering the rate, the points and even the closing fees. Hence, the same lender can offer 10, 20, or 30 year FRM (fixed rate mortgages) each requiring different up-front fees and points and different monthly payments. Do the following: Go to www.interest.com. Under Home Loans, click on Mortgages (on the top of the page). In "Find A Mortgage Rate" select: Pennsylvania Philadelphia $300,000 30 yr fixed Then click on "Find Rates A. B. Change the assumptions. Change back to PA and Philly). Instead of 30 yr. fixed rate, select 15 yr. C. Under "Glossary Terms" find the definitions for APR, Fees, ORIG Points, and ESTIMATED D. Compare three of the loans on each page with respect to interest rates, monthly payments and fees. You will see a long list of mortgage lenders and their loan offers. fixed. Print this page. PAYMENT. Include these definitions in your report. Which of the loans would you prefer? Why? Print 1 page of your results. MacBook Air 0D F4 Updated March 2019 Instructions Mortgage loan comparisons can be very confusing. There are numerous mortgage categories and then within each category one can create an endless number of products by altering the rate, the points and even the closing fees. Hence, the same lender can offer 10, 20, or 30 year FRM (fixed rate mortgages) each requiring different up-front fees and points and different monthly payments. Do the following: Go to www.interest.com. Under Home Loans, click on Mortgages (on the top of the page). In "Find A Mortgage Rate" select: Pennsylvania Philadelphia S300,000 30 yr fixed Then click on "Find Rates" A. You will see a long list of mortgage lenders and their loan offers. Print 1 page of your results. B. Change the assumptions. (Change back to PA and Philly). Instead of 30 yr. fixed rate, select 15 yr fixed. Print this page C. Under "Glossary Terms" find the definitions for APR, Fees, ORIG Points, and ESTIMATED PAYMENT. Include these definitions in your report. D. Compare three of the loans on each page with respect to interest rates, monthly payments and fees. Which of the loans would you prefer? Why? Case #6 Updated March 2019 Mortgage loan comparisons can be very confusing. There are numerous mortgage categories and then within each category one can create an endless number of products by altering the rate, the points and even the closing fees. Hence, the same lender can offer 10, 20, or 30 year FRM (fixed rate mortgages) each requiring different up-front fees and points and different monthly payments. Do the following: Go to www.interest.com. Under Home Loans, click on Mortgages (on the top of the page). In "Find A Mortgage Rate" select: Pennsylvania Philadelphia $300,000 30 yr fixed Then click on "Find Rates A. B. Change the assumptions. Change back to PA and Philly). Instead of 30 yr. fixed rate, select 15 yr. C. Under "Glossary Terms" find the definitions for APR, Fees, ORIG Points, and ESTIMATED D. Compare three of the loans on each page with respect to interest rates, monthly payments and fees. You will see a long list of mortgage lenders and their loan offers. fixed. Print this page. PAYMENT. Include these definitions in your report. Which of the loans would you prefer? Why? Print 1 page of your results. MacBook Air 0D F4 Updated March 2019 Instructions Mortgage loan comparisons can be very confusing. There are numerous mortgage categories and then within each category one can create an endless number of products by altering the rate, the points and even the closing fees. Hence, the same lender can offer 10, 20, or 30 year FRM (fixed rate mortgages) each requiring different up-front fees and points and different monthly payments. Do the following: Go to www.interest.com. Under Home Loans, click on Mortgages (on the top of the page). In "Find A Mortgage Rate" select: Pennsylvania Philadelphia S300,000 30 yr fixed Then click on "Find Rates" A. You will see a long list of mortgage lenders and their loan offers. Print 1 page of your results. B. Change the assumptions. (Change back to PA and Philly). Instead of 30 yr. fixed rate, select 15 yr fixed. Print this page C. Under "Glossary Terms" find the definitions for APR, Fees, ORIG Points, and ESTIMATED PAYMENT. Include these definitions in your report. D. Compare three of the loans on each page with respect to interest rates, monthly payments and fees. Which of the loans would you prefer? Why