Question
Suppose a borrower is considering a 30- year loan for $100,000 at 7.25% and 3.5 discount points. A) what is the effective interest rate? B.)
Suppose a borrower is considering a 30- year loan for $100,000 at 7.25% and 3.5 discount points.
A) what is the effective interest rate?
B.) if the loan is prepaid at the end of the 60th month what is the effective rate?
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
