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there should be one correct answer. Question 13 3.5 pts A homeowner bought a property for $300,000 5 years ago. He got a $250,000 loan
there should be one correct answer.
Question 13 3.5 pts A homeowner bought a property for $300,000 5 years ago. He got a $250,000 loan at 9% for 30 years, the loan require monthly payments and is fully amortized. Currently mortgage rate for 25-year loan is at 7.5%. There is 2% origination fee charged on the new loan amount. All payments are monthly What is the monthly payment difference (saving) if the borrower refinance the loan? 5210.56 $220.49 $240,19 523753 Step by Step Solution
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