Additional Points on a Home Mortgage Will

question 59

Multiple Choice

Additional points on a home mortgage will

• A)lower the APR.
• B)lower the required earnest money.
• C)move interest payments to the front of the mortgage.
• D)decrease the required down payment on the home.

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Definitions:

Substantial Stake

A significant interest or investment in a particular issue, outcome, or entity, warranting involvement or concern.

Common Law

The body of law derived from judicial decisions and customs, as opposed to statutes.

State Level

Pertaining to governmental jurisdictions and activities that occur at the state or provincial rather than national level.

Certainty

The quality of being reliably true, definite, or clearly determined; an absence of doubt.