Find the best answers to your questions with the help of IDNLearn.com's knowledgeable users. Get prompt and accurate answers to your questions from our community of knowledgeable experts.
Suppose you are thinking about purchasing a small office building for $1,500,000. The 30 year fixed rate mortgage that you have arranged covers 80% of the purchase price and has an interest rate of 8%. Assume you were to default and go into foreclosure in year 10 of this loan. If the lender was able to sell this property for $700,000, how much does the lender stand to lose in the absence of pmi?.
Sagot :
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.
