You have been given the choice to reduce your mortgage interest rate for each point received by the lender at closingyou decided to give points , on a $500,000 loan, how much money will you be needing to bring to close to cover your points?

You have been given the choice to reduce your mortgage interest rate for each point received by the lender at closingyou decided to give points , on a $500,000 loan, how much money will you be needing to bring to close to cover your points?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You get a 7.125% mortgage loan with front-end loan charges of $3,800. Will your APR be: (a) less than 7.125% (b) exactly 7.125% (c) greater than 7.125%
please show calculation for both clearly show mortgage schedule clearly answer in text without copy paste need complete and correct answer with full explanation
Please help
5) A lender is willing to provide financing at a DSCR of 1.25 at 5.0% interest with 25-year monthly amortization on a $225,000 NOI. What are my monthly payments? 6) If the lender in question 5 charges 2 points, what is my cost of financing? 7) Based on question 6, What is my cost of financing if I pay the loan off at the endof year 5? 8) What is the loan balance at the end of year 5?
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hey, can you please solve this manual and not on excel? Thank you.
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