Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Jack is buying a condominium that sells for $140000. The bank is requiring a minimum down payment of 20%. To obtain a 20 year mortgage at 8% interest, Jack must pay 2 points at the time of closing. What is the cost of the 2 points on the mortgage?

Sagot :

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.