Please find below the information you will need for your Mortgage Journal Assignment this week.
Down Payment Required (List %):
15%
Number of Points at Closing
3 points
Mortgage Time Frame for Loan:
30 years
Interest Rate (List %):
Assume Points already lowered interest rate.
7 %
Annual Homeowner’s Insurance Amount:
$6000
Annual Property Taxes Amount:
$4500
Please make sure you use the PowerPoint template provided to ensure that you answer all questions for the assignment.