chrjergre3948 chrjergre3948
  • 18-10-2022
  • Business
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five years ago a borrower incurred a mortgage for $80,000 at 10% for 30 years, monthly payments. currently the market rate is 8% on 25-year mortgages. the existing mortgage has a prepayment penalty of 5% of the outstanding balance and the lender will charge 4% closing cost on a new loan.

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