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Posted on Aug 17, 2024

a mortgage originated 7 years ago with the following terms 7 0 0 , 0 0 0 3 interest rate 1 5 year term with

a mortgage originated

7

years ago with the following terms

700, 000 3

interest rate

15

year term with monthly payments. today the market rate of interest

for similar mortgages loans is

6 % .

what is the value of this mortgage today?

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