Different online mortgage lenders

Assignment Help Business Management

Reference no: EM133144458

Find 5 different online mortgage lenders, such as this one.

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.

Reference no: EM133144458

Questions Cloud

Negative environmental factors that caused major setbacks : Describe the company and the negative environmental factors that caused major setbacks.

Method to evaluate investment decision : Explain how you would evaluate the expected rate of return from the investment and the method to evaluate the investment decision.

What should be the cost of preferred stock : The cost of common stock is 19% and cost of debt is 13%. The tax rate is 30%. What should be the cost of preferred stock to maintain the WACC

Which items is relevant to the special order : The warehouse, however, would have to add capacity costing $1,300. Which of the following items is relevant to the special order

Different online mortgage lenders : Find 5 different online mortgage lenders, such as this one. Discuss which rate is actually the cheapest rate.

Procedures for applying the goods and services tax : Explain the procedures for applying the Goods and Services Tax (GST) to costing in Australia in fifty one hundred words.

Review your progress and your learning plan : Which OnTrack tasks have you submitted? How many are marked as ‘complete'? Are there any overdue tasks - What didn't work as well as planned

Should colotrigon accept the order : The company is operating significantly below the maximum productive capacity. No fixed costs are avoidable. Should Colotrigon accept the order

Evaluate performance evaluation for company : You are writing a book on how to evaluate performance evaluation for a company.

User Account

All Pages