A buyer is purchasing a property with a loan from a mortgage

Last updated: 7/9/2022

A buyer is purchasing a property with a loan from a mortgage broker, who is charging an origination fee of 1%. If the loan requires a 90% LTV and the purchase price is $200,000, how much is the origination fee? A) $3,500 B) $9,000 C) $1,800 D) $2,000