QuickHelper

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    Phoniex
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Category > Business & Finance Posted 13 Jun 2017 My Price 15.00

FIN 419 Week discussion question 2

Question description

 

 

Hopefully everyone knows this already, but you can have a 30-year fixed rate mortgage to keep payments steady and low (compared with a 15-year loan).  Then you can make extra principal payments each month to shorten the length of the loan.  If you have a bad month, then just pay your regular mortgage payment.  With the 30-year loan, you have the option to pay more principal without penalty, but the higher payment is a requirement with the 15-year mortgage.

Does anyone know what percentage of the US residential mortgages are owned by Freddie Mac and Fannie Mae?

Answers

QuickHelper
(10)
Status NEW Posted 13 Jun 2017 04:06 PM My Price 15.00

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