Instructions: Please post your response to the following questions:
What are FHA's and VA's roles in the mortgage market?
Explain what is meant by an amortizing mortgage.
Lara is buying a new home with a mortgage loan for $186,500 at 6.5 percent annual interest with a term of 30 years.
What is the amount of the monthly payment necessary to amortize this debt? Instructions:
Your initial post should be at least 250 words.