A loan of $150,000 is obtained to purchase a home. The loan origination fee is $1 \frac { 1 } { 2 }$ points. Find the amount of the loan origination fee.

Name: A loan of $150,000 is obtained to purchase a home. The loan origination fee is $1 \frac { 1 } { 2 }$ points. Find the amount of the loan origination fee.
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The loan origination fee is calculated as 1.5% of the loan amount. Therefore, $1.5\% \times 150,000 = 0.015 \times 150,000 = 2,250$.

A Loan of $150,000 Is Obtained to Purchase a Home 1121 \frac { 1 } { 2 }121​

A Loan of $150,000 Is Obtained to Purchase a Home $1 \frac { 1 } { 2 }$