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Question
A home buyer wants to borrow $100,000. The lender quotes a loan origination fee of one point and a loan discount of one point. What size loan must be obtained to pay the two points and still leave $100,000?a. $96,000
b. $98,039
c. $102,000
d. $102,041
Answer
This answer is hidden. It contains 118 characters.
Related questions
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The term "undivided interest" means
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Q:
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Q:
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Q:
a. adjusted sales price k. front-foot basisb. ad valorem tax l. improvement districtc. amount realized m. installment methodd. appropriation process n. long-term capital gaine. assessed value o. mill ratef. assessment appeal board p. public improvementg. assessment roll q. special assessmentsh. basis r. tax certificatei. conveyance tax s. tax deedj. documentary tax t. tax lien1> a tax expressed in tenths of a cent per dollar of assessed valuation2> according to value3> a document issued at a tax sale that entitles the purchaser to a deed at a later date if the is not redeemed4> the enactment of a taxing body's budget and sources of money into law5> a book that contains the assessed value of each property in the taxing district6> a document conveying to property purchased at a tax sale7> a value placed on a property for the purpose of taxation8> assessments levied to provide publicly built improvements that will primarily benefit property owners within a small geographical area9> a charge or levy based directly on the measured distance that a parcel of land abuts a street10> sales price of a property less fix-up costs and sales commissions, closing and other selling costs11> a preferential income tax treatment on the sale of an appreciated asset before 198712> sale of an appreciated property structured to spread out the payment of income taxes on the gain13> hears complaints from property owners regarding their assessments14> a state or local tax charged on deeds at the time of recording15> the geographical area which will be assessed for a local improvement16> an improvement that benefits the public at large and is therefore financed by general property taxes17> a charge or hold by a government against property to ensure the payment of taxes18> the price paid for property; used in calculating income taxes19> a fee or tax on deeds and other documents payable at the time of recordation20> selling price of a home less selling expenses
Q:
A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.