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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?

Guest Apr 7, 2017
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Here's the first one ....

 

2000 + (.015)*197,000  = $4955

 

 

cool cool cool

CPhill  Apr 7, 2017

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