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SOLVED: 1. A local developer is selling homes for 125,000with a required down payment of 6%. Find the amount of the requireddown payment and the mortgage.2. A couple obtained a loan for130,000 topurchase their home. How much would the loan origination fee be ifthe couple had to pay 3 points on the loan. (Loan origination fee =Mortgage * Points).3. New houses in a neighborhood are selling for175,000. A down payment of18,000 is required and a 25-yearmortgage at an annual interest rate of 8% is ava
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