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Brenna decided to purchase 4 points in order to lower the interest rate on her $175,000 mortgage. How much additional money does she need to bring to closing for the points she wishes to purchase?
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9 votes
Brenna decided to purchase 4 points in order to lower the interest rate on her $175,000 mortgage. How much additional money does she need to bring to closing for the points she wishes to purchase?

User Khalil Al Hooti
by
8.6k points

2 Answers

13 votes

Answer:

$6000

Explanation:

User Adam Caviness
by
8.3k points
9 votes

Answer: $7,000

Explanation:

Confirmed

User Lowkey
by
7.7k points
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