Explain in your own words the difference between the lender's yield and the effective borrowing cost.What are mortgage discount points? When does it make sense to pay points on a loan? How can a borrower make a decision?Find a web source where you can compare mortgage options. Post a link here and discuss the clarity of information provided.

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Explain in your own words the difference between the lender's yield and the effective borrowing cost.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section: Chapter Questions

Problem 3LTAI

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Explain in your own words the difference between the lender's yield and the effective borrowing cost.
What are mortgage discount points? When does it make sense to pay points on a loan? How can a borrower make a decision?
Find a web source where you can compare mortgage options. Post a link here and discuss the clarity of information provided.

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