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Business, 19.09.2019 07:30 nicollexo21

Which of the following is not true about a loan discount point? a. a point is purchased at the time of closing. b. a point is purchased for 1% of the loan amount. c. a point reduces the interest rate by 1%. d. a point bought will reduce the monthly mortgage payment.

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Which of the following is not true about a loan discount point? a. a point is purchased at the time...
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