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On kyle thomason's $400,000. 00 loan, the lender charges a 2-point service charge. In this situation, how much will kyle have to pay for this service charge at closing, and how would such a charge appear
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On kyle thomason's $400,000. 00 loan, the lender charges a 2-point service charge. In this situation, how much will kyle have to pay for this service charge at closing, and how would such a charge appear on the statement?.

User Evan Conrad
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1 Answer

4 votes

Answer: sorry the correct answer is $8,000

Explanation:400,000 x .2% =$8.000 debit to the buyer

User Nruth
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