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The Buyer Agrees to Pay $90,000 for a Home, Contingent

Question 42

Multiple Choice

The buyer agrees to pay $90,000 for a home, contingent upon obtaining an 80% loan. The lender charges $3,600 for points. How many points were charged?


A) 2 points
B) 4 points
C) 5 points
D) 6 points

Correct Answer:

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