Question: 4 . When is it advisable for a residential borrower to buy points to reduce their mortgage interest rate? a . When the borrower is

4. When is it advisable for a residential borrower to buy points to reduce their mortgage interest rate? a. When the borrower is intending to stay in the property for the life of the mortgage. b. When interest rates are predicted to fall. c. When the borrower is intending to move properties in the foreseeable future. d. When the borrower doesnt have enough savings to cover closing costs e. When the present value of the savings in interest cost over the life of the mortgage is greater than the upfront cost. f. When the mortgage has a very low introductory teaser rate ending soon g. When the borrower plans to refinance almost immediately h. When the borrower thinks paying points will eliminate private mortgage insurance

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