A fixed-rate mortgage is best if you want a mortgage with all the following features EXCEPT   a. lower risk.   b. more affordability.   c. the same monthly payment over the term.   d. a maturity of 15, 20, or 30 years.   e. a predictable interest rate.

Consider a $5,000,000, 10% rate, 30-year mortgage with constant annual payments, fully amortizing. What is the yield to maturity (YTM) of this loan under the following circumstances:   (a) No points   (b) Three points of disbursement discount (paid by the borrower)    (c) One point of disbursement discount (paid by the borrower)

The margin on an adjustable rate mortgage is 4.5% and the rate cap is 5% over the life loan if the current index is 6.8% find the maximum overall rate as a percentage of the loan.

In a 5/1 hybrid adjustable-rate mortgage (ARM), the initial interest rate is fixed for 5 years, then is adjusted annually. (You usually pay points up front at closing in exchange for the rate lock for the first 5 years.) Suppose that you buy a house with a $ 260000, 30 year mortgage with a 5/1 ARM with initial rate of 4.5%; and suppose that five years later, the interest rate goes up to 7.1%. Use the Bankrate amortization schedule online to determine what your monthly payment was, originally, at 4.5%?Monthly Payment =  What is your new payment? (Careful: the amount of the loan is no longer $ 260000 and you only have 25 years to pay it off.)New Monthly Payment =

Explanation it correctly Q)Which of the following interest rates is usually the highest? Multiple Choice 30-year mortgage rate 20-year Treasury bond rate consumer credit-card rate prime rate of banks

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When purchasing a vehicle or obtaining a mortgage, you are most likely to get what kind of loan: O pure discount O interest only amortized loan with fixed payment amortized loan with fixed principal payment

Introduction: what mortgage points are and why people choose to opt-in for it ? what the advantages and disadvantages of using a mortgage point is ? And give an example using numbers present value and future value? Make a report.

Summary and Comparisons of Fixed Interest Rate, Constant Payment Mortgage (CPM) Loans with Various Amortization Patterns?

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