Real Estate Math
A property sells for $400,000. The buyer pays 25% down. The lender charges 1.5 origination points on the loan. What are the origination points in dollars?
A$1,500
B$4,500✓ Correct
C$6,000
D$9,000
Explanation
Loan = $400,000 × 75% = $300,000. Points = 1.
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