Question
A credit union is offering 30-year home loan with annual rates of 4.1% with 1.5 points or 3.7% with 1.95 points. If a borrower chooses
A credit union is offering 30-year home loan with annual rates of 4.1% with 1.5 points or 3.7% with 1.95 points. If a borrower chooses the second option for a loan of $390,000, how long will it take, in months, to recoup the additional cost in points? (Round your answer up to the nearest month.)
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
11th Edition
012819782X, 978-0128197820
