Question
Consider a $1,000,000, 6.5%, 20-year mortgage with monthly payments and a 6-year maturity with balloon. If a lender wants a yield of 7% (MEY), how
Consider a $1,000,000, 6.5%, 20-year mortgage with monthly payments and a 6-year maturity with balloon. If a lender wants a yield of 7% (MEY), how many disbursement discount points must the lender charge to achieve this yield?
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Contemporary Issues In Finance
Authors: Simon Grima, Frank Bezzina, Inna Romanova
1st Edition
1786359073, 978-1786359070
