For this assignment, you will need some information from me, let me know! what you need thanks!Real-State
A). Mortgage professor
(writer for this question, the information you need from me, let me know)
https://www.mtgprofessor.com/ext/home1.aspx
Please go to?https://www.mtgprofessor.com/ext/home1.aspx? and explore and report on the options available for a mortgage in your area. ?You will need to make a number of assumptions – and perhaps use yourself as an example. ?I believe you will need to have a FICO score of at least 620. ?You may make up other assumptions such as cost of house, down payment, income, etc. ?
Please report on the type of mortgage and rates available.
More information on the mortgage professor may be found in Chapter 10 (Explore the Web).
B). Adjustable-rate mortgages
Adjustable-rate mortgages have been popular (somewhat) in the United States for many years.? They are the standard in Canada.??
Comment on whether or not you think they are a good idea? -? 1) for the lender? ?2) for the borrower
3)? would you take an adjustable rate mortgage in today’s market? (that adjusts every two years) if the rate were 1% lower than for a comparable fixed rate mortgage.??
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