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A buyer purchased a property in a market where interest rates were climbing every day. They bought a home for $375,000 and obtained a 75%
A buyer purchased a property in a market where interest rates were climbing every day. They bought a home for $375,000 and obtained a 75% loan. The loan required that they pay a 1% loan origination fee plus 3 discount points in order to get a lower interest rate of 6%. How much money did they need to bring to closing to cover the points and the loan origination fee.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
