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10-04-2010, 06:02 PM
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If the lender wants a 9 percent yield, how
much should the mortgage be discounted? Mortgage for $250,000 is made at 6 percent interest for 20 years.If the lender wants a 9 percent yield, how much should the mortgage be discounted?This is all the information provided for a Real Estate assignment.I believe they want you to look at it from the lenders point of view.
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10-04-2010, 07:26 PM
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Do you think that perhaps you should think about your question and ask it again later, when you have thought it through.Edit.If I am understanding your question, if the mortgagee wants 9 percent yield then the interest will have to be increased to at least 9 percent, probably a tad more to take care of admin costs. At the moment they are only getting 6 percent
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