Mathematics, 16.09.2019 04:30, paulinahunl17

A"point" is 1% of your borrowed amount on a mortgage. you want to pay 2 points to get a 0.5% reduction in your interest rate on a $175,000 mortgage. how much will you pay in points?
a.$3,500
b.$3,750
c.$4,100
d.$5,175

Answers: 2

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A"point" is 1% of your borrowed amount on a mortgage. you want to pay 2 points to get a 0.5% reducti...