as a borrower which of the following two 30 year


As a borrower, which of the following two 30 year, monthly payment loans would you choose (and why) if you had a 10 year expected payment horizon: 5% interest rate with 3.5 points, versus 5.875% interest with one point?  Suppose your prepayment horizon was 5 years?

 

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: as a borrower which of the following two 30 year
Reference No:- TGS0209109

Expected delivery within 24 Hours