The price of a condominium is $190,000. The va requires 5% down payment in one point at the time of closing. The cost of the condominium is financed with 30 year fix rate mortgage at 8%. What is the amount of the mortgage

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Loans

A loan is a term that we are all familiar with. The processing of loans is one of the most important functions of a bank. It keeps our economy stable and facilitates the implementation of monetary policies. Let's take a look at the different forms of loans and get some answers to some common questions.