Business, 19.11.2019 07:31 joejoefofana

Newlyweds terell and sheree have found a house they want to purchase. however, they’ll need some creative financing in order to make it work. they’ve lined up a 30-year fixed-rate loan but need to have a 10% down payment to get a good interest rate. they need to find another loan for the down payment, and sheree has asked her dad to co-sign. newlyweds terell and sheree have found a house they want to purchase. however, they’ll need some creative financing in order to make it work. they’ve lined up a 30-year fixed-rate loan but need to have a 10% down payment to get a good interest rate. they need to find another loan for the down payment, and sheree has asked her dad to co-sign.
1. predict possible outcomes of terell and sheree‘s position. explain your predictions.
2. is it a good idea for sheree to ask her dad to co-sign on the loan? why or why not?
3. is a 30-year fixed-rate loan a good idea for terell and sheree? explain your answer.
4. if you were in terell and sheree’s situation, what would you have done?

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