Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Suppose that your neighbour took the loan of $300,000 5 years ago. At that time, she took 30 year loan for 5.8%. She now wishes to regard as refinancing her loan. She went to bank and was told that refinancing her loan for 30 years would cost her $6500 direct and re financing her loan for 15 years would cost her $5000 direct. Your neighbour is low on cash and would favour to add upfront fees into her latest loan. Your neighbour comes to look for your help with her mortgage dilemma.

Can you utilize your Time Value of Money ability to aid show your neighbour if she must go for refinancing? You can guide her in terms of helping her know her present interest expense against future interest expense, present PMT against future PMT, how 15 year loan against a 30year loan would influence her finances, and so on. Assist her understand by giving her various situations so she can make good decision which suits her best. You can get present rates from any bank website by looking for under Mortgage Rates.

Give your work  by using tables/graphs/explanations.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914054

Have any Question? 


Related Questions in Basic Finance

A project is expected to create operating cash flows of

A project is expected to create operating cash flows of $29,000 a year for three years. The initial cost of the fixed assets is $60,000. These assets will be worthless at the end of the project. An additional $4,000 of n ...

1 although economists generally discredit mercantilism can

1. Although economists generally discredit mercantilism, can you find any examples in the popular press where politicians or business leaders use similar arguments to protect an industry? 2. Identify some products initia ...

1 compare and contrast manufacturing and geographic

1. Compare and contrast manufacturing and geographic postponement. 2. Define and illustrate cash-to-cash conversion, dwell time minimization, and cash spin. How do supply chain strategy and structure impact each? 3. Disc ...

Explain the theory of purchasing power parity pppbased on

Explain the theory of purchasing power parity (PPP). Based on this theory, what is a general forecast of the values of currencies in highly inflated countries? Explain how you could determine whether purchasing power par ...

Design grammars for the following languagesa the set of all

Design grammars for the following languages: a) The set of all strings of 0s and 1s such that every 0 is immediately followed by at least one 1. ! b) The set of all strings of 0s and 1s that are palindromes; that is, the ...

The question gives the following informationnbspthe

The question gives the following information:  The Bullshark Arena, a local sports arena and home of the Bullsharks, is looking into upgrading its main restaurant/bar, the Shark Pen.  The old facilities were built 20 yea ...

1 depreciation expense is located on thea balance sheetb

1. Depreciation expense is located on the A. balance sheet. B. income statement. C. the accounts receivable documention. D. the accounts payable documentation. 2. Joe Sullivan invests $9,000 at the end of each year for 2 ...

1 which type of error do researchers usually regard as more

1. Which type of error do researchers usually regard as more serious? Why? 2. Explain what it means if a researcher sets the alpha level for a statistical test at .05. 3. What does it mean if the difference between two m ...

An annual survey of first-year college students asks 270000

An annual survey of first-year college students asks 270,000 students about their attitudes on a variety of subjects. According to a recent survey, 54% of first-year students believe that abortion should be legal. Use a ...

1 credit report what are the six major areas of information

1. Credit Report. What are the six major areas of information that may be included on your credit report? 2. Credit Score. What factors determine your credit score and how are these factors weighted by FICO? 3. Vantage S ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro