Finance
A West Virginia borrower who wants to pay fewer points in exchange for a higher interest rate is using:
AA buydown arrangement
BNegative points (rebate pricing)✓ Correct
CA discount point structure
DAn interest rate cap
Explanation
Negative points, also called rebate pricing or a lender credit, allow borrowers to accept a higher interest rate in exchange for the lender providing a credit toward closing costs. This reduces upfront costs.
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