An investor has $70,000 to invest in a $290,000 property. He/she can obtain either a $230,000...

An investor has $70,000 to invest in a $290,000 property. He/she can obtain either a $230,000 loan at 8.5% for 20 years (option A) or a $180,000 loan at 9% for 20 years and a second mortgage for $40,000 at 11% for 15 years. Both loans require monthly payments and are fully amortizing Based on the analysis what option should the investor choose, assuming ownership for the full loan term? O option A O option B explore other options none of the above QUESTION 14 Considering the facts in question 13, how much equity is available?

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jeff jeffy answered 1 year ago

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