If I have just taken a mortgage loan of $300,000 for a new home purchase...
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Finance
If I have just taken a mortgage loan of $300,000 for a new home purchase behind the Commerce Elementary School, and if my interest rate is 12% per year, my monthly payment will equal approximately $3,085 for a 30 year loan.
True
False
Most of the mortgage loan contracts are designed to:
protect the mortgage brokers
protect the borrower from over payment on loan payments to brokers
protect the lender from financial loss
protect all parties against each others' cheating
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