What is the benefit of paying discount points as part of the closing costs? a. Discount points give the buyer a discount on the mortgage. b. Typically points lower the interest rate on the mortgage. The more points that a buyer pays up front, the lower the interest rate. c. Points lower the overall cost of the home. The more points that a buyer pays up front, the lower the total cost at closing. d. Discount points give you a discount from the title company where you go to sign the loan papers.

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31-08-2017
Mathematics

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What is the benefit of paying discount points as part of the closing costs? a. Discount points give the buyer a discount on the mortgage. b. Typically points lower the interest rate on the mortgage. The more points that a buyer pays up front, the lower the interest rate. c. Points lower the overall cost of the home. The more points that a buyer pays up front, the lower the total cost at closing. d. Discount points give you a discount from the title company where you go to sign the loan papers.

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noblewyatt1029 noblewyatt1029 · Answer 1 · 2017-08-31T22:38:09+02:00

What is the benefit of paying discount points as part of the closing costs?
a.Discount points give the buyer a discount on the mortgage.b.Typically points lower the interest rate on the mortgage. The more points that a buyer pays up front, the lower the interest rate.c.Points lower the overall cost of the home. The more points that a buyer pays up front, the lower the total cost at closing.d.Discount points give you a discount from the title company where you go to sign the loan papers.

(ANSWER B)