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T or F question. Explain why the answer is true or flase. Just answer it
Given that the maximum loan-to-value ratio is 70%, mortgage plan A is more suitable to a home buyer if he can afford the minimum down payment requirement of a flat of $4m and he will sell the flat out after 3 years. A B Mortgage rate 2% 1.6% Loan amount 2.8M 2.5M Cash reimbursement 0.8% of loan value 1.5% of loan value 5% of loan value within Interest penalty period 5% of loan value within the first four years. the first two years. Given that the maximum loan-to-value ratio is 70%, mortgage plan A is more suitable to a home buyer if he can afford the minimum down payment requirement of a flat of $4m and he will sell the flat out after 3 years. A B Mortgage rate 2% 1.6% Loan amount 2.8M 2.5M Cash reimbursement 0.8% of loan value 1.5% of loan value 5% of loan value within Interest penalty period 5% of loan value within the first four years. the first two years
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