Question
Suppose a lender is offering an 80% LTV loan on a $288,000 home with monthly payments over 30 years at 14% interest. The seller wishes
Suppose a lender is offering an 80% LTV loan on a $288,000 home with monthly payments over 30 years at 14% interest. The seller wishes to buy the rate down to 13% for the entire life of the loan. How much will the seller have to pay the lender to achieve the desired rate buydown?
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
