12) Julie is buying a house for $225,000. She obtains a mortgage in the amount of $156,000 at a 4.5% fixed rate. The bank offers a 4.25% interest rate if Julie pays 2.25 points. What is the cost of points for this mortgage rounded to the nearest dollar?
a. $3,510
b. $5,063
c. $6,630
d. $7,020

Question

12)	Julie is buying a house for $225,000. She obtains a mortgage in the amount of $156,000 at a 4.5% fixed rate. The bank offers a 4.25% interest rate if Julie pays 2.25 points. What is the cost of points for this mortgage rounded to the nearest dollar?	
a.	$3,510
b.	$5,063
c.	$6,630
d.	$7,020

anonymous · Answer

@uChezzy @iGreen @iLorita @shamim @vera_ewing @thomaster @chycora