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Posted on Jul 12, 2024

the reason the effective-interest cost is higher than the stated lending rate is: a. the loan amount does not include annual property tax charges b.

the reason the effective-interest cost is higher than the stated lending rate is:

a. the loan amount does not include annual property tax charges

b. the lender lends only the penalty amount which is less than the loan amount

c. the borrower may need to pay fees, points and a penalty

d. none of the above

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