The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as
A) discount points.
B) origination fees.
C) mortgage insurance premium.
D) private mortgage insurance.
Correct Answer:
Verified
Q1: A loan progress chart is used in
Q2: A purchaser took out a $50,000 new
Q3: A final loan payment that is larger
Q4: The homeowner has made regular mortgage payments
Q5: If a borrower paid $3,550 in points
Q7: A house sells for $102,000 and is
Q8: A mortgage lender will lend based on
Q9: Discount points are more likely to be
Q10: The value of the property above the
Q11: Who normally pays the discount points when
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