How long must the owner stay in the house

Reference no: EM13284300

A homeowner can obtain a $150,000 thirty year fixed rate mortgage at a rate of 7.5% with zero points or at a rate of 7.0% with 2 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is invested monthly?

Reference no: EM13284300

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