Determine market value of the loan
Problem:
A loan was made 10 years ago for $140,000 at 10.5% for a 30 year term. Rates are currently 9.25%.
Required:
Question: What is the market value of the loan?
Note: Provide support for your rationale.
Expected delivery within 24 Hours
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A borrower made a mortgage loan 7 years ago for $160,000 at 10.25% interest for 30 years. The loan balance is now $151,806.62 and rates for this amount are currently 9.0% for 23 years. Origination fees and closing costs are $4,500 and closing cost
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