Question 11. of 15.) A Lender charges 2 points to the borrower for the issuance of his mortgage. Given a mortgage of $1,000,000 amortized over 25 years with an annual interest rate of 6%, what is the actual amount that the borrower is receiving?

Real Estate Financial Modeling / Questions / Question 11. of 15.) A Lender charges 2 points to the borrower for the issuance of his mortgage. Given a mortgage of $1,000,000 amortized over 25 years with an annual interest rate of 6%, what is the actual amount that the borrower is receiving?

Aug 23