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Becca is financing a house for $125,250. She has to pay $425 plus 1.25% for a brokerage fee.

How much are the mortgage brokerage fees?


$1,990.63


$3,556.25


$581.56


$1,565.63

Verified Answer :

MissPhiladelphia

For the brokerage fee, she has to pay 1.25% of the finance for the house with an additional $425. Expressing that into an equation would be,

Brokerage fee = 1.25%(Finance fee) + $425
Brokerage fee = 0.0125($125,250) + $425
Brokerage fee = $1990.63

The answer is A.

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