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Explain what is meant by an amortizing mortgag

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Reference no: EM132522151 , Length: Word count: 250

Question 1: What are FHA's and VA's roles in the mortgage market?

Question 2: Explain what is meant by an amortizing mortgage.

Question 3: Lara is buying a new home with a mortgage loan for $245,000.00 at 4.5 percent annual interest with a term of 30 years. What is the amount of the monthly payment necessary to amortize this debt?

  • 250 word minimum

Reference no: EM132522151

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