A borrower purchased a home for $300,000 and their LTV is 80%. They paid $3,600 in discount points. How many points did they pay?
A. 2
B. 4
C. 3.5
D. 1.5
Answer:D
A borrower purchased a home for $300,000 and their LTV is 80%. They paid $3,600 in discount points. How many points did they pay?
A. 2 B. 4 C. 3.5 D. 1.5