Multiple Choice
For the purposes of estimating the effective borrowing cost (EBC) ,only those up-front expenses associated with obtaining the mortgage should be included.With this in mind,which of the following costs should not be included in one's calculation of EBC?
A) Discount points
B) Loan origination fees
C) Appraisal fee
D) Buyer's title insurance
Correct Answer:
Verified
Correct Answer:
Verified
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