Business, 19.03.2020 22:30 kailahgranger

The market price of a house is $500,000 and the homebuyer will borrow $400,000. The borrower will pay 1 1/2 points to their mortgage banker to secure a lower interest rate of 3.5% versus 4% on the loan. What is the dollar value of the points charged to get the lower interest rate

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The market price of a house is $500,000 and the homebuyer will borrow $400,000. The borrower will pa...

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