When discount points are paid, the bank collects a one-time fee at closing in exchange a lower mortgage rate to be honored for the life of the loan.
The banks consider this payment to be "prepaid mortgage interest". Meanwhile, mortgage interest is tax-deductible for eligible tax-filers so, for many mortgage borrowers, there's a tax advantage to paying discount points.
Answer: +7
Step-by-step explanation: Since a negative divided
by a negative always equals a positive, (-28) ÷ (-4) = +7
Answer:
345%
Step-by-step explanation:
Answer:
3 hours and 25 mins
Step-by-step explanation:
Answer:ANSWER: $35 + (-$7) + (-$5)
Step-by-step explanation:
Total - book $ - magazine $
Which is equal to:
Total + (-book $) + (-magazine $)
$35 + (-$7) + (-$5)
Hope this helps! :)
