FHA and VA Mortgage

May 22, 2024/0 Comments/in Business & Finance /by bonniejecinta

QUESTION

Instructions: Please post your response to the following questions:

What are FHA’s and VA’s roles in the mortgage market?

Explain what is meant by an amortizing mortgage.

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?

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FHA and VA Mortgage

QUESTION

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