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A buyer is purchasing a property with a loan from a mortgage broker, who is...

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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) $3,500B) $9,000C) $1,800D) $2,000

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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) $3,500B) $9,000C) $1,800D) $2,000

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