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A borrower obtained a fully amortizing mortgage 6 years ago for $98,000 at 11 percent for 30 years. Now a fully amortizing 24-year loan can
A borrower obtained a fully amortizing mortgage 6 years ago for $98,000 at 11 percent for 30 years. Now a fully amortizing 24-year loan can be obtained at 9.5 percent. There is no prepayment penalty a...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
