WILL GIVE BRAINILEST!! 1. Al and Viola Speer were granted an $80,000 mortgage.
At the closing, they will have to pay the closings costs
shown plus real estate taxes of $1,230. What are the
total costs?

A mortgage is an agreement between an individual and an owner of a property that provides the owner the right to repossess your property if you fail to repay the loan plus interest at the agreed time.

Mortgage loans are used to purchase a property or to take loans upon the value of an existing home you already own.

From the information given:

Al and Viola Speer were granted an $80,000 mortgage.
The real estate taxes on the mortgage = $1,230

Therefore, the total cost required by Al and Viola to pay for the mortgage is:

= $80000 + $1,230

= $81230

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WILL GIVE BRAINILEST!! 1. Al and Viola Speer were granted an $80,000 mortgage. At the closing, they will have to pay the closings costs shown plus real estate taxes of $1,230. What are the total costs?

Respuesta :

What is a mortgage?

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WILL GIVE BRAINILEST!! 1. Al and Viola Speer were granted an $80,000 mortgage.
At the closing, they will have to pay the closings costs
shown plus real estate taxes of $1,230. What are the
total costs?