Discount points
id:
discount-points-174-2606967
title:
Discount points
text:
Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front pay
brand slug:
wiki
category slug:
encyclopedia
description:
Pre-paid mortgage interest
original url:
https://en.wikipedia.org/wiki/Discount_points
date created:
2005-11-14T09:02:24Z
date modified:
2024-09-03T01:54:57Z
main entity:
{"identifier":"Q1228335","url":"https://www.wikidata.org/entity/Q1228335"}
image:
fields total:
13
integrity:
15