Finance
A point paid on an Oklahoma mortgage loan equals:
A$1,000 regardless of loan size
B1% of the loan amount✓ Correct
C1% of the property value
DOne month's interest payment
Explanation
One mortgage point equals 1% of the loan amount. Points can be paid to reduce the interest rate (discount points) or as an origination fee. On a $200,000 loan, one point = $2,000.
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