Skip to Content
63
Hours
Course
About Us
Pricing
Forum
Blog
Contact
Search
Login
Sign Up
Course
About Us
Pricing
Forum
Blog
Contact
Search
Login
Sign Up
Home
Shop
Course
Forum
Blog
Contact us
0
0
English (US)
English (US)
русский язык
Sign in
Contact Us
0
0
Home
Shop
Course
Forum
Blog
Contact us
English (US)
English (US)
русский язык
Sign in
Contact Us
Florida Real Estate Course
Chapter 13
Florida Real Estate Practice Question
Your clients purchased a home for $625,000. They financed the purchase with an 80% conventional loan. The mortgagee charged 2.5 points. Calculate the actual cost of the points.
Answer choices
A
$10,000
B
$12,500
C
$15,625
D
$20,000
Previous question
Next question
Florida Residential Mortgages: Notes, Liens and Loan Math
All chapter guides
Who is the mortgagor, and who is the mortgagee?
Why does a mortgage transaction have both a note and a mortgage?