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1. What are FHA's and VA's roles in the mortgage market?
2. Explain what is meant by an amortizing mortgage. Lara is buying a new home with a mortgage loan for $186,500 at 6.5 percent annual interest with a term of 30 years.
What is the amount of the monthly payment necessary to amortize this debt? Please APA citations & intext if references are included
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This assignment states about the mortgage option mainly focuses on VA & FHA. there is also one practical question to determine the loan amount that has been paid off in 30 years.
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