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 2 years ago
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)$2,400b)$2,800c)$4,200d)$8,200e)None of these
 2 years ago
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)$2,400b)$2,800c)$4,200d)$8,200e)None of these

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slaaibak
 2 years ago
Best ResponseYou've already chosen the best response.0I'm not sure what you mean by "charged 2 points"

Sharkbait
 2 years ago
Best ResponseYou've already chosen the best response.0it means 2% of the mortgage.

Sharkbait
 2 years ago
Best ResponseYou've already chosen the best response.0I don't know if it is off the 120,000 or the 140,000?

slaaibak
 2 years ago
Best ResponseYou've already chosen the best response.0Well, I'd say it's on the 120 000, since the sentence says "2 points on a $120,000 loan" So I'd go with 2400

Sharkbait
 2 years ago
Best ResponseYou've already chosen the best response.0Thanks. how do you get points for helping me?
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