Find 5 different online mortgage lenders.
From these 5 lenders, find the following rates, assuming the mortgage payments are made monthly:
Discuss which rate is actually the cheapest rate.
What are 2 things about the sample Web site given above that could be applicable to a consumer or investor?
What is 1 mistake people make when calculating their mortgage payments? Explain your answer.
Based solely on the EAR, which rate is the cheapest? Does this make sense?
Why do the different lenders have different rates?
Is the difference in rates going to make a huge impact on the cost to the home buyer? Explain your answer.
