Question: Please do not use excell, or any software. Only use equations/formulas. Name Question 4 (10 points total, 3.33 points each). Home mortgage lenders offer many

Please do not use excell, or any software. Only use equations/formulas.

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.. 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)

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