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Megan Mei is charged 2 points on a $120,000 loan at time of closing. The original price of the home before the down payment was $140,000. The points in dollars cost Megan: a) $2,400 b) $2,800 c) $4,200
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Nov 20, 2017
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Megan Mei is charged 2 points on a $120,000 loan at time of closing. The original price of the home before the down payment was $140,000. The points in dollars cost Megan:
a) $2,400
b) $2,800
c) $4,200
d) $8,200
e) None of these
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Cellydy
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Out of the choices given, the points in dollars that cost Megan was $2,400. The correct answer is A.
Masse
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Nov 26, 2017
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