fixed-rate mortgage

What is 1 mistake people make when calculating their mortgage payments? Explain your answer.

Find 5 different online mortgage lenders. 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 […]

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