This week you will complete your first course activity, a journal worksheet regarding purchasing a new home. Below are the specifics of the loan you will acquire for your property:
Down Payment Required (List %):
15%
Number of Points at Closing
2 points
Mortgage Time Frame for Loan:
30 years
Interest Rate (List %):
7%
Annual Homeowner’s Insurance Amount:
$1500
Annual Property Taxes Amount:
$3000
