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Let's assume that you have just taken out a mortgage loan for $225,000 with an origination fee of 1.5 points and 1 discount point. The
Let's assume that you have just taken out a mortgage loan for $225,000 with an origination fee of 1.5 points and 1 discount point. The mortgage term is 30 years, and the mortgage rate is fixed at 4%. What is the cost of the mortgage lending fees in dollar terms? $2,250$3,375$5,625$9,000 Step by Step Solution
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
