Business
Business, 25.07.2019 12:20, Totototono

Hilary buys a home for $100,000 and puts down 20 percent with an 8 percent mortgage. she sells it after 1 year when the house has declined in value by 4 percent. ignoring any real estate commissions or mortgage amortization, what has been the rate of return on her investment for the year?

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Business, 24.06.2019 10:00, oddoneshenchman
Hilary buys a home for $100,000 and puts down 20 percent with a 4 percent mortgage. she sells it after 1 year when the house has declined in value by 5 percent. ignoring any real estate commissions or mortgage amortization, what has been the rate of return on her investment for the year?
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Business, 07.09.2019 05:21, bigmandavis
You have just purchased and have obtained a 30-year, $2 mortgage with an interest rate of 10 percent. required: a. what is your annual payment? b. assuming you bought the house on january 1, what is the principal balance after one year? c. after four years, mrtgage rates drop to 8 percent for 30-year fixed-rate mortgages. you still have the old 10 percent mortgage you signed four years ago and you plan to live in the house for another five years. the total cost to refinance the mortgage is $3000, including legal fees, closing costs, and points. the rate on a five-year cd is 6 percent. should you refinance your mortgage or invest the $3,000 in a cd? the 6 percent cd rate is your opportunity cost of capital.
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Business, 06.10.2019 01:00, angie249
You bought your house five years ago and you believe you will be in the house only about five more years before it gets too small for your family. your original home value when you bought it was $250,000, you paid 20 percent down, and you financed closing costs equal to 3 percent of the mortgage amount. the mortgage was a 30-year fixed-rate mortgage with a 6.5 percent annual interest rate. rates on 30-year mortgages are now at 5 percent if you pay 2 points. your refinancing costs will be 1.5 percent of the new mortgage amount (excluding points). you won't finance the points and closing costs this time. a new down payment is not required. should you refinance? ignore all taxes and show your work.
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