In such a scenario, the most the seller can contribute to the closing costs is up to<u> 6%. </u>
<h3>When can seller contribute to closing costs?</h3>
- The borrower must make a down payment of an amount between 10% and 24.9%.
- The loan must be conforming.
As the down payment of 12% falls within the 10% and 24.9% range, the seller can make a contribution of up to 6% should they please.
In conclusion, they can contribute 6%.
Find out more on conventional loans at brainly.com/question/1130069.
The award received after completing a four year undergrad program is called a bachelors degree.
Logical: Plan ahead and set multiple alarms to ensure that you have no snags in your transport to and from your interview.
Illogical: Open a portal in the fabric of space and time and just teleport there 10 minutes before the interview.
I'm not sure about this one. Are you talking about like this year?
Answer:
$20,441.67
Explanation:
the present value of your house is $200,000, its future value = $200,000 x (1 + 5%)¹⁰ = $325,778.93
you can earn a 10% annual interest rate for 10 years, that means that we can use a future value of an annuity factor = 15.937
your annual investment = future value of the house / annuity factor = $325,778.93 / 15.937 = $20,441.67
