(Answered) A borrower has secured a 30 year 150000 loan at 7 with

Management Studies

A borrower has secured a 30 year, $150,000 loan at 7% with monthly payments. Fifteen years later, the borrower has the opportunity to refinance with a fifteen year mortgage at 6%. However, the up front fees, which will be paid in cash, are $2,500. What is the return on investment if the borrower expects to remain in the home for the next fifteen years?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92579500
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Why do organizations so frequently overlook the on-boarding

Why do organizations so frequently overlook the on-boarding of new employees?

Does fastenal have a sustainable competitive advantage over

Does Fastenal have a sustainable competitive advantage over other brick and mortar industrial suppliers? Does Fastenal have any competitive advantage over Amazon Business that could help protect Fastenal's business again ...

Task descriptionthe aim of this report is to extend your

Task Description: The aim of this report is to extend your knowledge of corporate communications and your ability to apply that knowledge to a real organization. You will particularly focus on CSR issues management and m ...

Nordstrom inc is a seattle-based department store rivaling

Nordstrom Inc. is a Seattle-based department store rivaling the likes of Saks Fifth Avenue, Neiman Marcus, and Bloomingdale's. Nordstrom is a Hall of Fame member of Fortune magazine's "100 Best Companies to Work For" lis ...

Questionexample of an organization that has recently

Question: Example of an organization that has recently undertaken a proactive change. How it affect company? Also example of an organization that has recently undertaken a reactive change. How it affect company?

Without a mission or vision statement what is an

Without a mission or vision statement, what is an organization? Without a mission, how can an organization survive? How can a firm have a succession plan? Or can they gain competitive advantage? The mission of an organiz ...

Read a case study of project and stakeholder management

Read A Case Study of Project and Stakeholder Management Failures: Lessons Learned (http://www.academia.edu/9250717/A_CASE_STUDY_OF_PROJECT_AND_STAKEHOLDER_MANAGEMENT_ ) and based on the LAMPÂH project background perform ...

There are many different types of teamsgroups pick one type

There are many different types of teams/groups. Pick one type that you have been involved in and describe the team/group and your experience within it. Discuss the various dynamics based on the new knowledge you gained t ...

How do you think diversity communication and organisational

How do you think diversity, communication and organisational structure could potentially constitute strong aspects of organisational culture? Why is it important for the manager to consider this relationship?

How does a database that is associated with a mobile device

How does a database that is associated with a mobile device and with mobile apps differ from a database that is stored and created using a more traditional application and server?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert