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actually is very much complete. if you can't do it it's fine I'll repost Everyone who can benefit from refinancing in the U.S. always exercises
actually is very much complete. if you can't do it it's fine I'll repost
Everyone who can benefit from refinancing in the U.S. always exercises this option True False Layla took out a 30 year fixed rate mortgage with monthly payments for $550,000 at 6% interest. Five years later she has an option to refinance the remaining loan amount with a 25 year mortgage with monthly payments at a lower, 5% interest rate. Suppose that Layla's discount factor is 7%. What is the maximum amount that Layla is willing to pay in refinancing fees to make the refinancing worth it for her? (Write the answer as a positive number rounded to two decimal points. For example, if you get $450.7897, write 450.79)Step by Step Solution
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