Which of the following is true?
A) Loan origination fees are around 10-20 percent.
B) Loan application fees range from $100 to $500.
C) Points are $100-$200 per $1,000 of the home's value.
D) Appraisal costs range between 15% and 20% of the value of the home.

Question

Quizplus · Accepted Answer

Loan application fees typically range from $100 to $500. This fee covers the cost for the lender to process your application. The other options are incorrect as loan origination fees, points, and appraisal costs do not match the described amounts or percentages.

Which of the Following Is True