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Borrowers can not take advantage of refinancing when Interest rates _______. Sam decides to buy 2 properties for investment at the price of $150,000 each.
Borrowers can not take advantage of refinancing when Interest rates _______.
Sam decides to buy 2 properties for investment at the price of $150,000 each. He decides to put 20% as down payment and take a mortgage for remaining 80%. Mortgage rate is 4.2% based on his credit score. The mortgage is for 15 years. Fill in the blanks in the following table. Property A Property B Price of investment Down payment Total Mortgage Monthly Expenses Monthly Expenses Monthly Expenses Monthly Mortgage Payment $350 Insurance, Landscaping, Maintenance, property Management $200 Fees.etc. Rental Income/ month $1,200 $1,500 Cash Flow/ MonthStep by Step Solution
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