A point equals 1 percent of a mortgage. Lenders sometimes charge “origination points” to cover expenses of originating a loan. Sometimes borrowers may want to pay “discount points” to reduce the loan’s interest rate.
A point equals 1 percent of a mortgage. Lenders sometimes charge “origination points” to cover expenses of originating a loan. Sometimes borrowers may want to pay “discount points” to reduce the loan’s interest rate.
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