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You are looking to purchase a property for 500,000. You have received two quotes. The first quote is an 90% ltv 360 month amortization with
You are looking to purchase a property for 500,000. You have received two quotes. The first quote is an 90% ltv 360 month amortization with a rate of 7.5%. The second offer comes from two sources. The first mortgage is 65% at 5.5% with 360 month amortization and the second mortgage takes the leverage to 90% at a rate of 10% with 360 month amortization. Which deal would you take? pls show work on excel
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