MORTGAGE ASSESSMENT

Please find below the information you will need for your Mortgage Journal Assignment this week.

Down Payment Required (List %):   

15%  

Number of Points at Closing   

  3 points  

Mortgage Time Frame for Loan:    

 30 years   

Interest Rate (List %): 

Assume Points already lowered interest rate.   

7 % 

Annual Homeowner’s Insurance Amount:  

$6000  

Annual Property Taxes Amount:    

$4500 

Please make sure you use the PowerPoint template provided to ensure that you answer all questions for the assignment.