Mr. and mrs. chavez close on a 30 year home loan for $250,000. the monthly payment with no points is $1,580, but if they buy a p

Question

melomori [17]

3 years ago

8

Mr. and mrs. chavez close on a 30 year home loan for $250,000. the monthly payment with no points is $1,580, but if they buy a p

oint it is $1,560. what might you infer if mr. and mrs. chavez choose not to buy a point

Business

2 answers:

adell [148] · Answer 1 · 2022-02-04T11:03:36+03:00

adell [148]3 years ago

4 0

Answer:

I prefer,Mr and Mrs chavez chose not to buy a house.

dlinn [17] · Answer 2 · 2022-02-04T09:40:21+03:00

The Chavez family has two options when applying a house loan for 30 years which is amounting to $250,000. First, the will not take the points with a monthly payment of $1580 while if they take the points, they will have a monthly payment of $1560. What they did was they did not buy the points and the reason for this was they are planning to sell the house after 5 years.