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Author Question: Which mortgage option is best in the following scenario. The Jones are purchasing their first home ... (Read 111 times)

acc299

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on: Nov 11, 2019
Which mortgage option is best in the following scenario. The Jones are purchasing their first home for and financing with a mortgage. They expect interest rates to stay the same for the next five years and have no prospects for any increase in their incomes. The prime rate is three percent.
◦ A two-year open convertible VRM at prime plus three percent
◦ A five-year open VRM at prime plus three percent
◦ A five-year closed mortgage at five and a half percent
◦ A four-year closed mortgage at five and a half percent
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by acc299 on Nov 11, 2019

princessflame2016

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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acc299

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Reply 2 on: Nov 11, 2019
Wow, this really help

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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