Make a Mortgage Research

Mar 3rd, 2014
DotaCN
Category:
Business & Finance
Price: $25 USD

Question description

800 – 1,000 words Plus References

  • Find 5 different online mortgage lenders. such as this one (www.lendingtree.com)

  • From these 5 lenders, find the following rates, assuming the mortgage payments are made monthly:

    • 10-year (if available) for fixed-rate mortgage

    • 15-year (if available) for fixed-rate mortgage

    • 30-year for fixed-rate mortgage

  • Convert these rates into effective annual rates (EARs).

  • Discuss which rate is actually the cheapest rate.

    • What are 2 things about the sample Web site given above that could be applicable to a consumer or investor?

    • Present the rates in a table. List the quoted rate and EAR rate, the lender, and the maturity of the loan. Show your work for each calculation.

    • What is 1 mistake people make when calculating their mortgage payments? Explain your answer.

    • Based solely on the EAR, which rate is the cheapest? Does this make sense?

    • Why do the different lenders have different rates?

    • Is the difference in rates going to make a huge impact on the cost to the homebuyer? Explain your answer.


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UC Berkeley
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
kevin12622
Dec 7th, 2016
" Goes above and beyond expectations ! "
kiln82
Nov 28th, 2016
" awesome work thanks "
ashleyisgod
Nov 23rd, 2016
" Top quality work from this guy! I'll be back! "
likeplum4
Nov 14th, 2016
" Excellent work as usual "
Molly_Moon
Nov 1st, 2016
" AMAZING as always! "
kpcutie
Oct 23rd, 2016
" Excellent job "
Hemapathy
Oct 9th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Sep 30th, 2016
" Totally impressed with results!! :-) "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors