Bille took out a mortgage for $169,000 and bought 2 points. His processing fees were $2602, his appraisal fees were $628, and his title fees were $798. Winnie took out a mortgage for $292,000 and bought 1 point. Her processing fees were $2813, her appraisal fees were $901, and her title fees were $1126. Bille and Winnie want to know which one of them had a larger amount of nonrecurring closing fees. Help them come up with an answer.

Part I: How much did Bille pay for his points?

Part II: What were Bille's total nonrecurring closing fees?

Part III: How much did Winnie pay for her points?

Part IV: What were Winnie's total nonrecurring closing fees?

Part V: Who had a larger amount of nonrecurring closing fees, Bille or Winnie?

Answer rating: 100% (QA)

Part I Billes Points Bille bought 2 points so to find out how much he paid for them we c... View the full answer