Mathematics, 15.06.2020 05:57 KnMcdonaldk93906
Larry and Laurie have found a home and made a $125,000 offer that has been accepted. They make a down payment of 10%. Their bank charges a loan origination fee of 1% of the loan and points of 1.5% (both are based on the loan amount). Other fees include a $25 loan appli- cation fee, a $250 appraisal fee, and $350 for title search and insurance. How much cash will Larry and Laurie need at closing?
Answers: 1
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Larry and Laurie have found a home and made a $125,000 offer that has been accepted. They make a dow...
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