Finance
In Vermont, discount points paid on a mortgage loan each represent:
A1% of the home's appraised value
B1% of the loan amount✓ Correct
CA flat fee of $1,000
D0.1% of the loan amount
Explanation
Each discount point equals 1% of the loan amount. Points are prepaid interest used to buy down the mortgage interest rate. Paying more points upfront results in a lower interest rate over the loan term.
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