RE : Due Nov. 9
pearl424
Week 7
Minimum 250 words – single space – NO cover sheet – must reference book with page number:
FORUM TO ANSWER:
What are FHA's and VA's roles in the mortgage market?
Explain what is meant by an amortizing mortgage.
Lara is buying a new home with a mortgage loan for $245,000.00 at 4.5 percent annual interest with a term of 30 years. What is the amount of the monthly payment necessary to amortize this debt?
References :
Allen, Charles F. Floyd and Marcus T. Real Estate Principles, 10th Edition. Dearborn Real Estate Education, 40550.0. VitalBook file.
9 years ago
4
Answer(0)
