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5. Create your own scenario of purchasing a home and include the mortgage amount. Solve for (6 points each calculation below and show your work.

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5. Create your own scenario of purchasing a home and include the mortgage amount. Solve for (6 points each calculation below and show your work. 1. Calculate the documentary stamp tax on the mortgage if this fee in your state is $0.35 per $100 or portion thereof. 2. Determine how many mortgage points will be purchased and calculate the cost. 3. Determine the mortgage broker fee and calculate the cost

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