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In a home purchase, what are discount points?   A. Interest paid...

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In a home purchase, what are discount points?   A. Interest paid...

In a home purchase, what are discount points?

 

A. Interest paid up front to the lender in return for a reduced annual interest rate

B. A reduced annual interest rate because of a very high credit score

C. A reduction in the closing costs due to the fact the buyer put up a large amount of earnest money

D. A reduction in the annual interest rate of the mortgage loan because the buyer made a higher-than-required down payment

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Answered by Lenjungo on coursehero.com
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