Question
39) You are looking to purchase a property for 400,000. You have received two quotes. The first quote is an 90% ltv 360-month amortization with
39) You are looking to purchase a property for 400,000. You have received two quotes. The first quote is an 90% ltv 360-month amortization with a rate of 6%. The second offer comes from two sources. The first mortgage is 65% at 4.5% with 360-month amortization and the second mortgage takes the leverage to 90% at a rate of 12% with 360-month amortization. Which deal would you take?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
