You have been given the choice to reduce your mortgage interest rate for each point received by the fender at closingyou decided to give 2.25 points, on a 550000 loan, how much money will you be needing to bring to close to cover your points?
You have been given the choice to reduce your mortgage interest rate for each point received by the fender at closingyou decided to give 2.25 points, on a 550000 loan, how much money will you be needing to bring to close to cover your points?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You have been given the choice to reduce your mortgage interest rate for each point received by the fender at closingyou decided to give 2.25 points, on a 550000 loan, how much money will you be needing to bring to close to cover your points?
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