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Q: Todd Foley is applying for a $100,000 mortgage. He can get a $600 monthly payment for principal and interest and no points, or a $520 monthly payment with 2 points? How many months will it take Todd
to cover the cost of the discount points if he takes the lower monthly payment? A. 6 B. 10 C. 18 D. 25
A: The answer is D. 25
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Original conversation
User: Todd Foley is applying for a $100,000 mortgage. He can get a $600 monthly payment for principal and interest and no points, or a $520 monthly payment with 2 points? How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment? A. 6 B. 10 C. 18 D. 25

Weegy: The answer is D. 25
alfred123|Points 393|

User: Which of the following is an example of a closing cost? A. Origination fee B. Mortgage application fee C. Earnest money D. Title insurance

Weegy: Answer is A. Mortgage application.
jonsyg|Points 765|

User: Most consumer complaints are resolved by: A. legal action. B. assistance from a government agency. C. contacting a company's headquarters. D. returning to the place of purchase.

Weegy: C. contacting a company's headquarters.
kummer5|Points 70|

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Asked 9/11/2012 4:55:59 AM
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