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02-17-2020, 11:19 AM #12
- Join Date
- Aug 2017
- Posts
- 249
An APR of 4.9% is not a 1.049 factor. A factor rate is essentially a cost of capital. A 30 year mortgage with a 1.049 "factor rate" would be borrowing $100k and paying back $104,900 over 30 years.
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