Finance
A borrower in Ohio pays 'discount points' at closing. Each point equals:
A1% of the property's appraised value
B1% of the loan amount✓ Correct
C$1,000 regardless of loan amount
D0.5% of the loan amount
Explanation
One discount point equals 1% of the loan amount. Discount points are prepaid interest that permanently reduces the mortgage interest rate.
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