Jeremy does not like the idea of paying points.A point is actually
A)one percent of the selling price of the house.
B)one percent of the amount financed with the mortgage.
C)one percent of the selling price minus the realtor's fee.
D)one percent of the taxable value of the house and property.
E)none of the above.

Question

Quizplus · Accepted Answer

A point is typically one percent of the amount financed with the mortgage, not the selling price of the house. Therefore, Jeremy may not want to pay points because it means he would have to pay a percentage of the mortgage amount upfront.

Jeremy Does Not Like the Idea of Paying Points