Tara has a mortgage at 600 with an outstanding balance of


Tara has a mortgage at 6.00% with an outstanding balance of $200,000 and 24 years remaining. Assuming costs and fees of $3,500 to get a new loan at 4.75%, how many months would she have to live in the house to justify making the change? Is there a good general rule to be applied to these situations?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Tara has a mortgage at 600 with an outstanding balance of
Reference No:- TGS02299112

Expected delivery within 24 Hours