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Compare the current interest rates, costs, and features associated with a 15-year fixed rate mortgage, 30-year fixed rate mortgage, and an adjustable rate mortgage for a home price of $150,000.

Please choose TWO Financial Institutions to research (For example, a Bank and Credit Union). After you have research this information please complete the following table below for each of the institution you selected:

Company:

(1) Name

(2) Name

15 Year Fixed rate, points, monthly payment

30 Year Fixed rate, points, monthly payment

Adjustable rate monthly payment

Initial rate

Discount points

Adjustment period

Rate caps

Margin

Index

Fees

Loan application

Property appraisal

Survey

Credit report

Inspections

Title search

Title Insurance

Document preparation

Closing costs

*** I'm having trouble finding the information to fill out this chart. It's driving me crazy trying to find it online. Can anyone help me out with this? Thanks.

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Jarrod Robel
Jarrod RobelLv2
28 Sep 2019

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