Mathematics

Mathematics, 22.06.2019 05:00, tray71016

Troy has a 7/23 balloon mortgage on his $260,000 home. he has been making payments of $1323 each month and will have a balloon payment due for the amount of $198,569.

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Mathematics, 23.07.2019 22:30, bobiscool3698

Warren obtained a balloon mortgage and made regular payments for the period of the loan. which of the following is an unlikely option for him once the balloon payment becomes due? a. pay balloon payment in full b. refinance the balloon payment c. sell the home d. foreclosure

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Business, 06.10.2019 07:30, jnsebastian2002

You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. your mortgage bank will lend you the money at an apr of 5.45 percent for this 360-month loan. however, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. how large will this balloon payment have to be for you to keep your monthly payments at $900?

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Troy has a 7/23 balloon mortgage on his $260,000 home. he has been making payments of $1323 each mon...

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