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In a home purchase, what are discount points? A. Interest paid up front to the lender in return for a reduced annual interest rate B.
In a home purchase, what are discount points?
A. Interest paid up front to the lender in return for a reduced annual interest rate
B. A reduced annual interest rate because of a very high credit score
C. A reduction in the closing costs due to the fact the buyer put up a large amount of earnest money
D. A reduction in the annual interest rate of the mortgage loan because the buyer made a higher-than-required down payment
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