Finance
Mortgage 'points' are most advantageous to a borrower who plans to:
ASell the home within 2 years
BStay in the home long enough to recoup the upfront cost through lower monthly payments✓ Correct
CUse the loan for commercial property
DRefinance immediately after purchase
Explanation
Discount points lower the interest rate in exchange for an upfront payment. The borrower recoups the cost through monthly savings over time. The longer they keep the loan, the more beneficial points become.
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