Dr Nick

(4)

$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 339 Weeks Ago, 6 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Programming Posted 01 Aug 2017 My Price 11.00

the cheapest rate.

  • 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 things about the sample Web site given above that could be applicable to a consumer or investor?
    • 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

Dr Nick
(4)
Status NEW Posted 01 Aug 2017 03:08 PM My Price 11.00

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