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Business, 23.03.2021 19:10 Steelo600

40 POINTS On a $200,000.00 purchase price with a 20% downpayment answer the following:

The mortgage loan is for $160,000

What is the mortgage payment on a 15-year loan at 2.5%?

What is the mortgage payment on 30-year loan at 3.25%?

What is an adjustable-rate mortgage, (ARM)?

If interest rates look to be rising is an ARM a good idea? Why or why not?

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40 POINTS On a $200,000.00 purchase price with a 20% downpayment answer the following:

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