Louisiana State University, Shreveport FIN FIN 701 You are about to buy a home; the purchase price of the property is $240,000 and you are paying 10% of that amount as a down payment and financing the…
$240,000 and you are paying 10% of that amount as a down payment and financing the remainder. Your mortgage loan terms are 30 years of monthly payments at an annual rate of 5.76%.
(a) How much are your monthly mortgage payments?
(b) Over the life of the loan, how much did you pay in interest?
(c) Now let’s say that you took out this loan 3 years ago (36 payments). Today, you see that you qualify for a loan refinance at an APR of 3.36%. You decide to go for it. Considering the 3 years of payments you have made; how much do you still owe on your home?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more