1. The expenses related to borrowing does not depend on:

Group of answer choices

a. The frequency of payment adjustments

b. The inclusions of caps and floors on the interest rate, payment or loan balances

c. The spread over the index chosen for a given ARM

d. None of the above

2. What are points in a mortgage loan considered to be?

Group of answer choices

a. Third party charges

b. Reduction in payment amount

c. Loan discount fees

d. Reduction of mortgage yield