Sales person 1

Question 1

A lender is charging 3 points on a $50,000 loan. The borrower must therefore pay the lender an advance amount of

Answer 1

$1,500

Question 2

The purpose of a homestead tax exemption is

Answer 2

to offer an amount of tax relief on an owner’s principal residence

Question 3

A condominium owner can

Answer 3

sell or mortgage the condominium unit without hindrance from individual owners of neighboring units.