Assignment:
Q1. What are FHA's and VA's roles in the mortgage market?
Q2. Explain what is meant by an amortizing mortgage.
Lara is buying a new home with a mortgage loan for $245,000.00 at 4.5 percent annual interest with a term of 30 years. What is the amount of the monthly payment necessary to amortize this debt?
References:
Allen, Charles F. Floyd and Marcus T. Real Estate Principles, 10th Edition. Dearborn Real Estate Education, 40550.0. VitalBook file.
Your answer must be in 250 words, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.