Points Paid at Closing Represent

question 60

Multiple Choice

Points paid at closing represent

• A) a fee paid to the lender.
• B) part of the loan principal.
• C) the property tax rate.
• D) the interest rate on the mortgage.

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Definitions:

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies.

Procedural Justice

The fairness perceived in the processes and methods used to make decisions and resolve disputes.

Interpersonal Treatment

The manner in which individuals interact with and regard one another within personal and professional relationships.

Benefits and Costs

The positive outcomes and the negative impacts, respectively, associated with a decision or action.