NEED A PERFECT PAPER? PLACE YOUR FIRST ORDER AND SAVE 15% USING COUPON:

4.8/5

solution

A lender is considering what terms to allow on a loan. Current market terms include 8% interest for 25 years for a fully amortizing loan. The lender anticipates market rates to move upward very soon, possibily before the loan is closed and the borrower has a less than perfect credit record. The lender decides to offer the borrower a constant payment mortgage (our typical loan) for $95,000 at 9% for 25 years; however, the lender wants to charge a loan origination fee (points) to make the mortgage loan yield 10%.
a. What origination fee should the lender charge?

b. What fee should be charged if the loan will be repaid in 10 years?

Please do it in excel as it is easy to for me understand..

Solution:

15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.

WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!