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How many points must a lender change to bring the contract rate of 4.0% up to 5.0% for a 25-year loan (monthly payments) of 200,000?
How many points must a lender change to bring the contract rate of 4.0% up to 5.0% for a 25-year loan (monthly payments) of 200,000? Assume the bank averages 10 years prior to payoff of the loan and solve to the nearest cent.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
