Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A couple saw a ranch for sale for $257,049 . They made an offer of $239,055.57 and the seller accepted. Their lender would charge them

A couple saw a ranch for sale for $257,049 . They made an offer of $239,055.57 and the seller accepted. Their lender would charge them 2 points for a mortgage fee if they put down 22% of the selling price. The couple would also pay $385 and $258 for the legal fees and the remaining expenses. What would be the amount of cash the couple needs to buy the home? (Round your answer to the

Step by Step Solution

3.44 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

The selling price of the ranch is 257049 Coffer price 23905557 So the couple saved Now 22 of the ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Mathematics questions

Question

Why is engagement planning so critical?

Answered: 1 week ago

Question

Differentiate. y = ln(3x + 1) ln(5x + 1)

Answered: 1 week ago