Business, 16.06.2021 22:50, sipstick971

Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she lives at the time that she secures approval. Her interest rate is not a prime rate, and in order to determine if it triggers the threshold for higher-priced mortgage loans, her creditor must determine if the APR for the loan exceeds the average prime offer rate by:

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Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan li...