Suppose your bank has 83% Loan-to-value policy on mortgages. So you went shopping for a...
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Suppose your bank has Loantovalue policy on mortgages. So you went shopping for a house and you found a house with a asking price of $ and it is appraised for $ more than the asking price. If your bank offers you year, ARM Adjustable Rate Mortgage mortgage and the interest increases to higher in the second year, what will be your monthly payment starting in the nd year? 
Suppose your bank has Loantovalue policy on mortgages. So you went shopping for a house and you found a house with a asking price of $ and it is appraised for $ more than the asking price. If your bank offers you year, ARM Adjustable Rate Mortgage mortgage and the interest increases to higher in the second year, what will be your monthly payment starting in the nd year?
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