What are mortgage points? How much would a home buyer have to pay if the lender wanted
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What are mortgage points? How much would a home buyer have to pay if the lender wanted to charge 2.5 points on a $125,000 mortgage? When would this amount have to be paid? What effect do points have on the mortgage’s rate of interest?
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Answer Mortgage points also known as discount points are fees paid directly to the lender at the tim...View the full answer
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Related Book For
Personal Financial Planning
ISBN: 9781439044476
12th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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