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a.Christine is getting a 30-year fixed rate $200,000 mortgage. She can get a mortgage rate...

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Finance

a.Christine is getting a 30-year fixed rate $200,000 mortgage. She can get a mortgage rate of 6.5% with no points or a rate of 6.0% with 2 points. She decides it's not worth it to pay the points. Why?

b. One percent of the mortgage value, used as prepaid interest paid at time of purchase, is called a?

c.

If you buy a $200,000 home with 10% down payment, what will be your mortgage? And if you have a 5% mortgage rate and it's a 30-year mortgage, what will be your mortgage payment?

$200,000; $2,000

$180,000; $966

$160,000; $635

$140,000; $320

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