A family takes out a 30-year fixed 300000 mortgage with a
A family takes out a 30-year fixed $300,000 mortgage with a rate of 5.25 %. After 8 years they decide to refinance the balance of the loan with another 30-year fixed mortgage. What is the upper bond of the advantageous rates?
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1 assume that in the previous problem you decide to make bi-weekly payments instead of a monthly payment ie to pay half
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a family takes out a 30-year fixed 300000 mortgage with a rate of 525 after 8 years they decide to refinance the
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