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You are applying for a mortgage loan at 5 . 2 5 % over 3 0 years with monthly payments. The home you are considering
You are applying for a mortgage loan at over years with monthly payments. The home you are considering is at a price of $ Lenders are offering loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest? a $ b $ c $ d $ Same facts as # what will be the balance of the loan after you have paid for a full years? a $ b $ C $ d $ Same facts as # how long will it take you to pay off of the loan? a About years b About years c months d and Same facts as # above, what was the original balance of the loan? a $ b $ c $ d Cannot determine from these facts
You are applying for a mortgage loan at over years with monthly payments. The
home you are considering is at a price of $ Lenders are offering loan to value
mortgages to you. What will be your monthly mortgage payment for principal and interest?
a $
b $
c $
d $
Same facts as # what will be the balance of the loan after you have paid for a full
years?
a $
b $
C $
d $
Same facts as # how long will it take you to pay off of the loan?
a About years
b About years
c months
d and
Same facts as # above, what was the original balance of the loan?
a $
b $
c $
d Cannot determine from these facts
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