Is there anything he can do to reduce the total amount he’ll pay for the home? Ansewr number 4
Is there anything he can do to reduce the total amount he’ll pay for the home? Ansewr number 4
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
- Joe wants to own a home in the future. He asks you describe an advantages and disadvantage of a FRM versus an ARM.
- He then asks you to describe the advantages and disadvantages of a 15-year loan versus a 30-year loan.
- He also wants to know how the portion of the home payment that comprises interest changes over the years assuming he takes out an FRM.
- Is there anything he can do to reduce the total amount he’ll pay for the home?
Ansewr number 4
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- What are three benefits of home ownership? What are three benefits of renting?
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- What else would be added to his monthly mortgage payment?
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