Get a unique, high-quality and non-plagiarized paper from us today at the most affordable price
Email us : premieredtutorials@gmail.com
PREMIERED TUTORIALS

1. Complete the “Buy or Rent” calculator using your own data. In 50-100 words answer the following: What was the recommendation? What were the factors that led to that recommendation? Do you agree or disagree with the recommendation? Why?

2. In a minimum of 100 words, explain the main benefits and drawback of renting and of owning a home?

3. Review Exhibit 7-4 on page 224 of the textbook. In at least 100 words, summarize the steps in the home-buying process.

4. Review Exhibit 7-6 on page 229 of the textbook. Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Show your calculations.
• Monthly gross income: \$2,950
• Other debt, monthly payment: \$160
• Down payment to be made: 15% of purchase price
• Monthly property tax and insurance: \$210
• 30 year mortgage at 6%
Enter your calculation and response in this column
Step 1: Determine the monthly gross income (annual income divided by 12).
Step 2. Multiply step 1 by 33% for a PITI (principal, interest, taxes, and insurance) guideline.
NOTE: With a down payment of at least 5% lenders use 33% of gross income as a guide for PITI (principal, interest, taxes, and insurance)
Step 3. Subtract other debt payments from the result of Step 2 to determine the Affordable Monthly Mortgage Payment.
Step 4. Divide the result of Step 3 by 6.00 (this is the mortgage payment factor from Exhibit 7-7 based on a 30 year loan at 6%) and then multiply this by \$1,000. This is the Affordable Mortgage Amount.
Step 5. Divide the affordable mortgage amount by .85 (This is 1 minus the down payment percentage) to determine the Affordable Home Purchase.

Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results

Why Choose US

6+ years experience on custom writing
80% Return Client
Urgent 2 Hrs Delivery
Unlimited Free Revisions

#### How to Place an Order

Send the assignment details such as the instructions, due date/deadline, number of pages and college level to the customer support agent online on live chat,  fill in the assignment details at place an order or send the information to our email address premieredtutorials@gmail.com and a customer support agent will respond to you immediately.

Once you place your order, we choose for you the best and competent writer for your assignment based on each writer’s competence in handling a subject.

When the homework is completed, we have a quality assurance team that proofreads the assignment to ensure it meets the required rubric instructions from your professor.

After thorough review of your assignment, we send the paper to the client. In case you need any changes at this point, you can let us know so that we can handle it for you at no extra charge.

#### Why we should write your Paper

1. Money Return guarantee
2. 0% Plagiarism Rate
3. Guaranteed Privacy
4. Written from scratch by highly qualified writers
5. Communication at Any Time (24/7)
6. Flexible Pricing and Great Discount Programs
7. Timely Deliveries
8. Free Amendments
##### Looking for a similar assignment and in urgent need for help? Place your order and have excellent work written by our team of professionals to ensure you acquire the best grades.

We are here to assist you.