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Calculate the original loan size of a fixed-payment mortgage

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Question - Mortgage law is as clear, consistent, and enforceable in the United States as in any place in the world, and far more so than in many countries. Why is this a vital element of an efficient real estate finance system?

-Calculate the original loan size of a fixed-payment mortgage if the monthly payment is $1,146.78, the annual interest is 8.0%, and the original loan term is 15 years.

-What is the effect on the payment amount if the interest rate increases by one percentage point to 9%? What happens to the payment if the loan term is extended to 30 years?

-What is the methods to value property?

Reference no: EM133008448

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