You are given the following options pertaining to home, Ask an Expert

Finance

You are given the following options pertaining to home mortgage financing:

A) Loan amount $200,00, fixed rate 3.5%, 30 year term, closing costs = $7,000. APR _______________

B) Loan amount $200,000, Fixed rate 3.25%, 30 year term, closing costs = $11,500. APR _________

C) Which option would you prefer? Why?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91264553

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