Part I: Obtain current mortgage rates<\/b><\/p>\n
Assume you plan to purchase a $600,000 home with a 20% down payment. <\/span>You need to obtain quotes of current mortgage rates on 30-year fixed rate mortgage, with and without discount points, from at least three mortgage lenders. <\/span>Please record your findings in your report.<\/p>\n Part II: Calculate and analyze mortgage payments<\/b><\/p>\n Based on the obtained quotes, you choose two best quotes: one with discount points and another without points. <\/span>Please perform similar analyses as discussed in class. <\/span>First, please use the mortgage rate without points for the first three questions.<\/b><\/p>\n Next, please compare the mortgage payment based on your chosen mortgage rate with discount points.<\/b> <\/span>To obtain consistent results, please use quotes with and without points from the same lender<\/span>. <\/span>Please complete the analyses for the following three questions.<\/p>\n Students need to turn in a one to two-page report.<\/p>\n Information Sources:<\/b><\/p>\n 1. You can obtain current mortgage rates from bankrate.com (http:\/\/www.bankrate.com\/)<\/span><\/a>, Yahoo Mortgage Center <\/span><\/p>\n (http:\/\/finance.yahoo.com\/loan\/query?t=m<\/span><\/a>), or the website of San Diego Union Tribune (http:\/\/signonsandiego.interest.com\/<\/span><\/a>).<\/span><\/p>\n 3. Or you can obtain quotes from Sunday Home Section of local newspaper, San Diego Union Tribune. <\/span><\/p>\n Part I: Obtain current mortgage rates Assume you plan to purchase a $600,000 home with a 20% down payment. You need to obtain quotes of current mortgage rates on 30-year fixed rate mortgage, with and without discount points, from at least three mortgage lenders. Please record your findings in your report. Part II: Calculate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[18],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/16701"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=16701"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/16701\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=16701"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=16701"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=16701"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=16701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n
<\/p>\n\n
<\/p>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"