Answered

IDNLearn.com connects you with experts who provide accurate and reliable answers. Join our knowledgeable community and access a wealth of reliable answers to your most pressing questions.

An interest-only ARM is made for $89,000 for 30 years. The start rate is 7.5-percent and the borrower will make monthly interest-only payments for three years. What will the payments be?

Sagot :

Mentosmushal7idn

Answer:

his Interest-Only Mortgage Calculator will show you what your payments will be during ... during the Great Recession, interest-only mortgages are making a comeback. For some borrowers, an interest-only mortgage can offer an attractive way to ... 30 years with the first 10 years interest-free.

Explanation:

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.