Question: What is the difference between a simple interest note and a simple discount note? With respect to simple discount notes, what are the PROCEEDS? What
- What is the difference between a simple interest note and a simple discount note?
- With respect to simple discount notes, what are the PROCEEDS?
- What is a bank discount?
- A local developer is selling homes for $125,000 with a required down payment of 6%. Find the amount of the required down payment and the mortgage.
- A couple obtained a loan for $130,000 to purchase their home. How much would the loan origination fee be if the couple had to pay 3 points on the loan.
- What are mortgage points?
- What does the "points" term actually refer to?
- What are they also known as?
- Who are they paid to?
- How do points affect your loan?
- New houses in a neighborhood are selling for $175,000. A down payment of $18,000 is required and a 25-year mortgage at an annual interest rate of 8% is available. Find the monthly mortgage payment.
- Does the size of a down payment affect a mortgage interest rate?
- What is PMI?
- What is the current mortgage interest rate?
- Use the calculator here based on the following:
- Purchase price of home $250,000
- Down amount= $50,000
- Enter your zip code
- Enter your credit score range. Estimate it!
- CALCULATE: What is the recommended option?
- REDO using a reduced down amount of $25,000.
- CALCULATE:What is the recommended option?
- What does the payment include?
- The monthly mortgage payment on a house is $824.36, and the homeowner must pay an annual property tax of $930. Find the total monthly payment for the mortgage and the property tax.
- What other fees might be include in your mortgage payment?
- What is the RULE of 78 all about?
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