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What were some of the key differences between the two

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Reference no: EM133409098

Questions: Do a quick check on any housing/estate sites like Zillow, Homes.com, etc., to find the average (selling) price of any home for the following towns: Arcadia, Pasadena, Santa Barbara, San Diego, Oxnard, Palmdale, Lancaster, or San Jose.

  • Select a bank of your choice and find the interest rate for a 15-year and 30-year mortgage.
  • Calculate the amortization of the home selected for 15-year and 30-year mortgages.
  • What were some of the key differences between the two?
  • What are the advantages of each? Which would you prefer, and what factors can help in this decision-making process?

 

Reference no: EM133409098

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