redgzu7raNata redgzu7raNata

25-06-2016
Business

Answered

Which of the following is not true about a loan discount point?

AA point is purchased at the time of closing.
BA point is purchased for 1% of the loan amount.
CA point reduces the interest rate by 1%.
DA point bought will reduce the monthly mortgage payment.

Verified Answer :

kalebprice20001 kalebprice20001

25-06-2016

e awnser would be C a point reduces the interest by 1%

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06-01-2021

Answer:

C: A point reduces the interest rate by 1%

Explanation:

Got it right on edge. Have a good day!

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