Home Project part III.docx - Instructions Show all work for...

This preview shows page 1 - 2 out of 5 pages.

Instructions: Show all work for each section. Any paragraphs should be typed and written in complete sentences. Use Times New Roman, 12-point font and double space. Cite any resource that you use. (Click on the following attachment for a guide to cite resources in APA.) Include any additional paperwork with your project document. Please note: up to 10% of the total points could be deducted for shortcomings in sentence structure and mechanics for written responses. Part III: Finding Mortgage Payments In this scenario you cannot pay cash for your home (Refer to your answers in Home Project, Part 2) and you will need to get a loan from a financial institution. Research and find a current interest rate for both a 30-year fixed mortgage and a 15-year fixed mortgage through your bank or other source such as . Note: For all of Home Project Part 3, the calculated loans will not require a PMI payment. Please record the purchase price of your chosen home from Part II: $189,900 1.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture