Finance
Discount points paid on a Mississippi mortgage loan are used to:
APay the real estate agent's commission
BBuy down the interest rate, with each point equaling 1% of the loan amount✓ Correct
CCover the lender's origination fee
DFund the borrower's escrow account
Explanation
Discount points are prepaid interest used to reduce the mortgage interest rate. Each point equals 1% of the loan amount.
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