A Loan of $150,000 Is Obtained to Purchase a Home $1 \frac { 1 } { 2 }$

question 94

Multiple Choice

A loan of $150,000 is obtained to purchase a home. The loan origination fee is $1 \frac { 1 } { 2 }$ points. Find the amount of the loan origination fee.

• A) $18
• B) $225
• C) $1125
• D) $2250
• E) $2700

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Client's Situation

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