Daily Real Estate Exam Prep Question #6 – Mortgage Points





Daily Real Estate Exam Questions Here!!!

Today our query has to do with mortgage factors, often known as low cost factors.

Mortgage factors, are charges paid on to the lender at closing in trade for a lowered rate of interest. The rate of interest decreases not the down cost. They are a fantastic choice for somebody who is aware of they are going to be proudly owning a selected property for a very long time. Mortgage factors are straight paid to the lender or financial institution at closing.

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