What are mortgage points? How much would a home buyer have to pay if the lender wanted

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What are mortgage points? How much would a home buyer have to pay if the lender wanted to charge 2.5 points on a $250,000 mortgage? When would this amount have to be paid? What effect do points have on the mortgage’s rate of interest?

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:30 AM

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What are mortgage points? How much would a home buyer have to pay if the lender wanted

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Mortgage points are a onetime upfront fee charged by lenders at the time th...View the full answer

Personal Financial Planning

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