A homeowner can obtain a 350000 30-year fixed-rate mortgage, Ask an Expert

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A homeowner can obtain a $350,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.5 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment savings are invested monthly?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92762828

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