A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms. Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.
We've been helping customers afford the home of their dreams and resolving real estate related issues for many years. We love what we do and we're good at it!
Company NMLS: 339916
www.nmlsconsumeraccess.org
14497 N Dale Mabry Highway Suite 152
Tampa, FL 33618
Phone: 813-658-0911
info@AHLHardMoney.com
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