Finance
A Colorado buyer is required to pay 'discount points' at closing. One discount point equals:
AA. $1,000 regardless of the loan size
BB. 1% of the loan amount✓ Correct
CC. 0.1% of the purchase price
DD. 1% of the purchase price
Explanation
One discount point equals 1% of the loan amount paid upfront to reduce the interest rate. For example, on a $300,000 loan, one point = $3,000.
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