Deb offers to buy Stan’s home for $180,000, which he accepts. When she applies for a loan, the loan originator tells her that she can borrow $150,000 at 4.75% for 30 years. She can bring the interest rate down to 4.50% if she wants to pay two points upfront. How much would these points cost her?
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Deb offers to buy Stan’s home for $180,000, which he accepts. When she applies for a loan, the loan...
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