A mortgage broker charges $2000 plus 1.5% of the mortgage amount. What is the mortgage broker fee for a $197,000 mortgage?
Caesar purchased a house that sold for $153,000. He obtained a mortgage of $110,500. The bank charged 1.75 points for an origination fee and 2.0 discount points. What was the total cost of the orginination fee and discount points that Caesar paid?
