Multiple Choice
Points represent:
A) 2% of the amount of the loan
B) Monthly payments
C) An additional cost of receiving the mortgage
D) 3% up-front payment
E) None of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q67: Jackie Revez purchased a new home in
Q68: Match the following terms with their definitions.<br>-Amortization
Q69: Assume a selling price of $88,000, a
Q70: An amortization schedule shows:<br>A)Balance of interest outstanding<br>B)The
Q71: Marvin Bass bought a home for $180,000,
Q73: Joy Linman bought a home in Boca
Q74: With a selling price of $125,000, a
Q75: With a selling price of $88,000, a
Q76: Shelley purchased a home in Maryland Heights,
Q77: Tom Burke buys a home in Virginia