Business
Business, 08.10.2019 18:00, alicia432

Emily is considering purchasing a new home for $400,000. she intends to put 20% down and finance $320,000, but is unsure which financing option to select. emily is considering the following options: o option 1: fixed rate mortgage over 30 years at 7% interest, zero points, or o option 2: fixed rate mortgage over 30 years at 4% interest, plus two discount points. how long would her financial planner recommend that she live in the house to break even using option 2 presuming she is not financing the points?

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