An investor obtained a fully amortizing mortgage Something Great /tutorialoutletdotcom - PowerPoint PPT Presentation

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An investor obtained a fully amortizing mortgage Something Great /tutorialoutletdotcom

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FOR MORE CLASSES VISIT www.tutorialoutlet.com An investor obtained a fully amortizing mortgage 4 years ago for $100,000 at 12 percent for 30 years. Mortgage rates have dropped, so that a fully amortizing 25-year loan can be obtained at 10 percent. There is no prepayment penalty on the mortgage balance of the original loan, but 3 points will be charged on the new loan and other closing costs will be $2000. All payments are monthly. – PowerPoint PPT presentation

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Title: An investor obtained a fully amortizing mortgage Something Great /tutorialoutletdotcom


1
An investor obtained a fully amortizing mortgage
Something Great/tutorialoutletdotcom
FOR MORE CLASSES VISIT WWW.TUTORIALOUTLET.COM
2
An investor obtained a fully amortizing mortgage
Something Great/tutorialoutletdotcom
  • An investor obtained a fully amortizing mortgage
    4 years ago for 100,000 at 12 percent for 30
    years
  • FOR MORE CLASSES VISIT
  • www.tutorialoutlet.com
  •   
  • An investor obtained a fully amortizing mortgage
    4 years ago for 100,000 at 12 percent for 30
    years. Mortgage rates have dropped, so that a
    fully amortizing 25-year loan can be obtained at
    10 percent. There is no prepayment penalty on the
    mortgage balance of the original loan, but 3
    points will be charged on the new loan and other
    closing costs will be 2000. All payments are
    monthly.

3
An investor obtained a fully amortizing mortgage
Something Great/tutorialoutletdotcom
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