Find 5 different online mortgage lenders such as, Finance Basics

+44 141 628 6080
[email protected]

Find 5 different online mortgage lenders such as

Find 5 different online mortgage lenders, such as www.lendingtree.com
From these 5 lenders, find the following rates, assuming the mortgage payments are made monthly:
- 10-year (if available) for fixed-rate mortgage
- 15-year (if available) for fixed-rate mortgage
- 30-year for fixed-rate mortgage
Convert these rates into effective annual rates (EARs).
Discuss which rate is actually the cheapest rate.
- What are 2 things about the sample Web site given above that could be applicable to a consumer or investor?
- Present the rates in a table. List the quoted rate and EAR rate, the lender, and the maturity of the loan. Show your work for each calculation.
- What is 1 mistake people make when calculating their mortgage payments? Explain your answer.
- Based solely on the EAR, which rate is the cheapest? Does this make sense?
- Why do the different lenders have different rates?
- Is the difference in rates going to make a huge impact on the cost to the homebuyer? Explain your answer.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Find 5 different online mortgage lenders such as

Reference No:- TGS01101651

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What are the effects of

content analysis is the study of communication whether it is television movies books or speeches for this assignment

Q : Determine a key difference between a fee-for-service plan

1 determine a key difference between a fee-for-service plan and an episode of care payment plan and indicate the plan

Q : Marketing strategies and

marketing strategies and subcultures paperwrite a 1050-word paper on marketing strategies and subcultures in this week

Q : Proj 410 define the evaluation criteria until after

proj 410 q 1 rfp requirementsconsider again the dream retirement home that you were building as part of the week 2

Q : Find 5 different online mortgage lenders such as

find 5 different online mortgage lenders such as wwwlendingtreecomfrom these 5 lenders find the following rates

Q : Current news affecting business economic and political

1 experiences you or others may have had in saudi arabia italy and egypt in terms of hofstedes cultural dimensions e

Q : The new accounting clerks are beginning to gather

the new accounting clerks are beginning to gather information to complete financial statements the accountants will

Q : You are working to resolve a problem with communication to

1 which of the following is true with respect to the data link layer2 you are working to resolve a problem with

Q : Prepare an operational plan to the division major

prepare a memorandum to the departments division head summarizing effect of legalizing marijuana to police department

1939380

Questions
Asked

3,689

Active Tutors

1435744

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported