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
Stacey Warren - Expert brainly.com
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I know the origination points are 4% of the mortgage value, not the property value.
Ok so would the discount points be the property value?
It 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.