Question

MR. GREEN WISHES TO PURCHASE A HOUSE SELLING FOR $125,000 THE BANK REQUIRES A 20 % DOWN PAYMENT AND A PAYMENT OF TWO POINTS AT THE TIME OF CLOSING. WHAT IS THE COST OF THE TWO POINTS OF THE MORGAGE?is it 2000? or 200,000

Answer 1

i dont know what two points is, but between 2000 and 200000, it would be 2000