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Assessing a refinancing opportunity is a key component in determining the viability of a real estate investment. The purpose of this assignment is to demonstrate that the student understands the factors that should be taken into account in choosing a refinancing option, including financial calculations. An investor obtained a fully amortizing mortgage 4 years ago for $100,000 at 12 percent for 30 years. Mortgage rates have dropped, so that a fully amortizing 25-year loan can be obtained at 10 percent. There is no prepayment penalty on the mortgage balance of the original loan, but 3 points will be charged on the new loan and other closing costs will be $2000. All payments are monthly. Based on your calculations, respond to the following in a two- to three-page paper: Explain whether or not it would be financially beneficial for the investor to refinance, if the plan is to own the property for the remaining loan term. Assume that the investor refinances an amount equal to the outstanding balance of the loan. Use your calculation(s) as evidence to support your conclusion, and explain how you arrived at the calculation(s) you include. Explain whether or not it would be financially beneficial for the investor to refinance, if the investor planned to own the property for only five more years. Use your calculation(s) as evidence to support your conclusion, and explain how you arrived at the calculation(s) you include.

Assessing a refinancing opportunity is a key component in determining the viability of a real estate investment. The purpose of this assignment is to demonstrate that the student understands the…

Continue ReadingAssessing a refinancing opportunity is a key component in determining the viability of a real estate investment. The purpose of this assignment is to demonstrate that the student understands the factors that should be taken into account in choosing a refinancing option, including financial calculations. An investor obtained a fully amortizing mortgage 4 years ago for $100,000 at 12 percent for 30 years. Mortgage rates have dropped, so that a fully amortizing 25-year loan can be obtained at 10 percent. There is no prepayment penalty on the mortgage balance of the original loan, but 3 points will be charged on the new loan and other closing costs will be $2000. All payments are monthly. Based on your calculations, respond to the following in a two- to three-page paper: Explain whether or not it would be financially beneficial for the investor to refinance, if the plan is to own the property for the remaining loan term. Assume that the investor refinances an amount equal to the outstanding balance of the loan. Use your calculation(s) as evidence to support your conclusion, and explain how you arrived at the calculation(s) you include. Explain whether or not it would be financially beneficial for the investor to refinance, if the investor planned to own the property for only five more years. Use your calculation(s) as evidence to support your conclusion, and explain how you arrived at the calculation(s) you include.

developed nations. Women in America continue to experience sickness and death throughout the perinatal period

The U.S. has unacceptable rates of maternal morbidity and mortality, especially when compared to other developed nations. Women in America continue to experience sickness and death throughout the perinatal period…

Continue Readingdeveloped nations. Women in America continue to experience sickness and death throughout the perinatal period

Effective communication is essential in overcoming conflict, embracing our similarities and differences, and streamlining our work. Discuss

We learned effective communication is essential in overcoming conflict, embracing our similarities and differences, and streamlining our work. On the basis of your learning, review the scenario given below and…

Continue ReadingEffective communication is essential in overcoming conflict, embracing our similarities and differences, and streamlining our work. Discuss

Explain some of the main pros and cons in the debate about whether to keep or abolish the current Electoral College process.

Prepare: Prior to beginning work on this discussion question, read Chapters 5 and 6 in American Government. In addition, read the following articles: “What Are the Arguments Made in Favor…

Continue ReadingExplain some of the main pros and cons in the debate about whether to keep or abolish the current Electoral College process.