Effective Borrowing Cost

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Effective Borrowing Cost

g closing expenses: (Just understand) If the expense would be incurred even if no mortgage financing were obtained, it is an expense associated with obtaining ownership of the property and should not be involved in the Effective Borrowing Cost calculation -ex.) title insurance, attorney fees, etc.
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Simple test of estimating closing expenses: (Just understand) If the expense would be incurred even if no mortgage financing were obtained, it is an expense associated with obtaining ownership of the property and should not be involved in the Effective Borrowing Cost calculation -ex.) title insurance, attorney fees, etc.
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