If a lender asks for 2 points on a loan that has a principal of $250,000, what

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If a lender asks for 2 points on a loan that has a principal of $250,000, what does this mean?

How does it impact the effective interest rate on the loan?

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Hospitality Financial Management

ISBN: 9780471692164

1st Edition

Authors: Agnes L DeFranco, Thomas W Lattin

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Question Posted: Jul 10, 2024 02:03 AM

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If a lender asks for 2 points on a loan that has a principal of $250,000, what

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Hospitality Financial Management

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