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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Personal Financial Planning

ISBN: 9781439044476

12th Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Mar 09, 2024 11:00 PM

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What are mortgage points? How much would a home buyer have to pay if the lender wanted

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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

Personal Financial Planning

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