Using the Rule of Thumb Used by Lenders (Each Point

question 40

Multiple Choice

Using the rule of thumb used by lenders (each point charged raises the yield by 1/8 of 1%) , 4 discount points raise the effective yield of a typical home loan by

• A) 1/32 of 1%.
• B) 2/8 of 1%.
• C) 1/4of 1%.
• D) 1/2 of 1%.

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Definitions:

Interdependence

A mutual reliance between two or more groups or people, where each is dependent on the others for certain needs or outcomes.

Mental Health

Narrowly, the absence of disorder. In a broader view, the presence of optimal social, emotional, and cognitive functioning—also known as wellness.

General Risk Factors

Conditions or variables associated with an increased likelihood of developing a disorder, illness, or other negative outcomes.

Vulnerable

Capable of being physically or emotionally wounded or open to attack or damage.