Business, 25.08.2019 04:00, BarcaOsama

Which of the following is not true about a loan discount point?
a. a point is purchased at the time of closing.
b. a point is purchased for 1% of the loan amount.
c. a point reduces the interest rate by 1%.
d. a point bought will reduce the monthly mortgage payment.

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Which of the following is not true about a loan discount point?
a. a point is purchased at th...