Question
As a lender you want to yield 7.25% on your loans but you want to advertise a 6% rate to consumers. Based on 30-year monthly
As a lender you want to yield 7.25% on your loans but you want to advertise a 6% rate to consumers. Based on 30-year monthly payment mortgages how many points do you need to charge at origination? Assume the loans will be held to maturity. They should charge 12.11 points to get a 7.25%
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
