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anonymous
 one year ago
Does anyone know how to solve this??
Alyssa purchased a house for $243,000 and obtained a mortgage for $231,000. She purchased 5 discount points and 4 origination point. What is the cost for each?
a. discount points: $9,240; origination points: $11,550
b. discount points: $12,150; origination points: $9,720
c. discount points: $9720; origination points: $12,150
d. discount points: $11,550; origination points: $9,240
anonymous
 one year ago
Does anyone know how to solve this?? Alyssa purchased a house for $243,000 and obtained a mortgage for $231,000. She purchased 5 discount points and 4 origination point. What is the cost for each? a. discount points: $9,240; origination points: $11,550 b. discount points: $12,150; origination points: $9,720 c. discount points: $9720; origination points: $12,150 d. discount points: $11,550; origination points: $9,240

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Valpey
 one year ago
Best ResponseYou've already chosen the best response.1I know the origination points are 4% of the mortgage value, not the property value.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Ok so would the discount points be the property value?

Valpey
 one year ago
Best ResponseYou've already chosen the best response.1It doesn't look like it. It seems like both of them are based on the Mortgage value seeing how D) is the only solution which fits.
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