2. Jane and her spouse have a monthly net income of $5328.61 and they have a 15 year-old daughter (who plays softball). They have other miscellaneous debt totaling $6700, which results in payments of $202 a month. Do you recommend Jane do a 15 year mortgage, 30 year mortgage, or is there another option you would recommend? Interest rate for both mortgages is 4% (.04)

Question

04-10-2022
Mathematics

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2. Jane and her spouse have a monthly net income of $5328.61 and they have a 15 year-old daughter (who plays softball). They have other miscellaneous debt totaling $6700, which results in payments of $202 a month. Do you recommend Jane do a 15 year mortgage, 30 year mortgage, or is there another option you would recommend? Interest rate for both mortgages is 4% (.04)

Sagot :

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