Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jun 2017 My Price 11.00

online mortgage lenders

  • In 800 words please find 5 different online mortgage lenders, such as this one.
  • 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 interesting things about the sample Web site given above?
    • 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

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Jun 2017 07:06 PM My Price 11.00

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