Asked by Anonymous
You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule?
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Answered by
Brenna
You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule? A. Not enough information given
B. Neither
C.Unpaid Principle Balance Rule
B. Neither
C.Unpaid Principle Balance Rule
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