Question

What is the benefit of paying discount points as part of the closing costs? a. Discount points give the buyer a discount on the mortgage. b. Typically points lower the interest rate on the mortgage. The more points that a buyer pays up front, the lower the interest rate. c. Points lower the overall cost of the home. The more points that a buyer pays up front, the lower the total cost at closing. d. Discount points give you a discount from the title company where you go to sign the loan papers.

Answer 1

What is the benefit of paying discount points as part of the closing costs?
a.Discount points give the buyer a discount on the mortgage.b.Typically points lower the interest rate on the mortgage. The more points that a buyer pays up front, the lower the interest rate.c.Points lower the overall cost of the home. The more points that a buyer pays up front, the lower the total cost at closing.d.Discount points give you a discount from the title company where you go to sign the loan papers.

(ANSWER B) 

Answer 2

Answer:

Step-by-step explanation:

B