# Mortgages | Mathematics homework help

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

Question 1

(15 points)

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

1. Using the internet, research and find a house listing that you would not mind living in. Any house will work, but it must be selling for more than \$10,000.

a) Post a link to your house listing. You can also cut and paste a .jpeg file of your listing.

b) You decide to buy this house. Assuming the bank can loan you a 30-year mortgage at the yearly interest rate of Current Prime Rate + 3%, how much are your monthly payments (show all calcuations?)

c) If you were to borrow the money instead for 15 years (at the same interest rate as in part b), how much are your mothly payments?

Question 2

(5 points)

2. Using the house listing you found in Question 2, as well as your calculated monthly payments in Question 2, how much do you pay in interest over the life of the 30-year loan?

Question 3

(10 points)

3. You find a great deal for your house! The bank agrees to give you a 5 year loan where you only pay \$100 a month, and at 0% interest. What can go wrong? However, when 5 years pass you realize you agreed to a balloon mortgage, and all the rest of that loan is due right now. How much do you need to pay for your final (60th) payment? Explain how you got your answer and your reasoning behind it.

Essay

(15 points)

4. Mortgages come in many different types. There are fixed rate mortgages, ARM mortgages, and balloon mortgages to name a few.

Research fixed rate, ARM mortgages and balloon mortgages, then write an essay comparing them. What are some of the advantages and disadvantages of each? When might you find one type of mortgage loan beneficial over the other two?

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Logistics
As I expected.
Customer 460551, November 23rd, 2021
Military
Excellent job.
Customer 456821, May 11th, 2022
Human Resources Management (HRM)
Good work.
Customer 463125, July 4th, 2022
Cultural and Ethnic Studies
Well done; it is greatly appreciated.
Customer 452763, March 15th, 2023
Beauty
Instructions met.
Customer 452441, May 3rd, 2022
Retail
Thank you for your work. Some sentences required minimal edits for clarification/explanation. In the future, please review your sentences for clarity and readability. Consider also reading out loud before submitting. We look forward to future contributions.
Customer 463469, October 21st, 2022
Finance/Acc related
Great job!
Customer 460073, August 14th, 2022
SEO
good work
Customer 463813, March 31st, 2023
Thank you for following all instructions. Good piece
Customer 463337, March 1st, 2023
Psychology
This paper is beautifully written and is above my expectations. Thank you to the writer for writing a beautiful paper and a huge thank you to the customer service team for ensuring I received an outstanding product. I want to issue a special thank you to John for not only ensuring that I received an outstanding product, but also for assisting me with the website issues that I have been having. Thank you to everyone!
Customer 452455, April 5th, 2023
Excellent work. Looking forward to working with your in the future.
Customer 463467, November 11th, 2022
SEO
A job well done
Customer 463679, May 9th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend