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zimovet [89]
1 year ago
10

Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two dis

count points at closing. how much will this cost them?
Business
1 answer:
nata0808 [166]1 year ago
4 0

Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two discount points at closing. Cost them is $3,610.

A discount point is 1% of the loan amount. Bob and Mary are paying two points (or 2% of $180,500), which is $3,610.

What is discount points?

  • Discount points are a shape of paid ahead of time intrigued that contract borrowers can buy to lower the intrigued rate on their consequent month to month payments.
  • Discount points are a one-time expense, paid up front either when a contract is to begin with orchestrated or amid a refinance.
  • Each markdown point for the most part costs 1% of the overall credit and brings down the loan’s intrigued rate by one-eighth to one-quarter of a percent.
  • Points don’t continuously got to be paid out of the buyer’s stash; they can some of the time be rolled into the advance adjust or paid by the vender.

To know more about discount points visit:

brainly.com/question/14329985?

#SPJ4

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It is an example of Strength in SWOT Analysis.

SWOT Analysis is a strategic planning technique used for identifying and analyzing internal strengths and weaknesses in an organization includes the Strength, Weakness, Opportunities and Threat.

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4 0
2 years ago
With practical illustration, how can managers leverage on organizational behavior components to maximize business success
densk [106]

Explanation:

The study of organizational behavior in a company can be beneficial for managers to optimize people management practices.

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3 years ago
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Varvara68 [4.7K]

Answer:

Residual risk

Explanation:

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3 years ago
The major brand strategy decisions a firm has to make in building a strong brand begins with brand​ ________ and is followed by
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3 years ago
How do natural resources and geography relate to economic growth for a country?
Archy [21]

Answer:

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country.  Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security.  Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

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3 years ago
Read 2 more answers
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