Question
Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%. You have two options: a. Mortgage rate of
Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%.
You have two options:
a. Mortgage rate of 4.5% with no points.
b. Mortgage rate of 4.35% and 1.5 points.
Which option should you choose?
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
