Business
Business, 27.06.2019 03:30, awarnk

What is one of the disadvantages of getting a government sponsored mortgage?


What is one of the disadvantages of getting a government sponsored mortgage?

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Business, 22.06.2019 22:50, abolton04
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage
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Business, 03.07.2019 20:30, gbrightwell
What is one of the disadvantages of getting a government-sponsored mortgage? a. government mortgages involve more up-front fees than conventional mortgages. b. government mortgages put a limit on the purchase price of a house. c. government mortgages require the payment of higher taxes. d. government mortgages allow the government to seize the property for public use. 2b2t
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Business, 20.08.2019 23:20, KKHeffner02
Your neighbor approached you about a dilemma he has with his mortgage. he purchased his house in 2006 with a $600,000, 6% fixed rate, 30 year mortgage. then the great recession hit. today his house is estimated to be worth less than the balance he owes on the mortgage. furthermore, he was forced to take a new job at 20% less than what he was earning when he purchased the house. here in 2012, 72 months later, he is contemplating entering into a mortgage modification program sponsored by the government. it offers 3 options.reducing the interest rate to 4.5%forgiveness of $100,000 of the principle due and continuing at 6%refinancing the balance due with a new 15 year, 4% mortgagewhich option would minimize his monthly mortgage payment? assume all refinancing costs will be paid by the government.
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