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Author Question: Lucky Louie qualified for a $250,000 mortgage for his new home. The loan application was $400, ... (Read 349 times)

bio_gurl

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Lucky Louie qualified for a $250,000 mortgage for his new home. The loan application was $400, closing attorney fee $500, appraisal fee $400, title insurance $1200, document fee $75, credit check $50. The loan requires a 1% origination fee plus 1 point ( 1 %) interest to buy down the rate. How much are Louie's total closing costs?


◦ $5,500
◦ $7,625
◦ WOW!
◦ $5,125


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Marked as best answer by bio_gurl on Apr 14, 2019

DHRUVSHAH

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bio_gurl

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review


komodo7

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Reply 3 on: Yesterday
Excellent

 

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