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If a lender charges $2,775 loan origination fee and the mortgage amount of the property is $370,000, what is the loan origination percent payable at closing?

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The New York Real Estate Salesperson Practice Exam has 75 questions and you are given 90 minutes to complete it.
 


If a lender charges $2,775 loan origination fee and the mortgage amount of the property is $370,000, what is the loan origination percent payable at closing?





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