Discount points
Pre-paid mortgage interest
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Real Estate (1)
- Finance (1)
- Homebuying (1)
🏷️ Keywords
Mortgage rates (1) · Interest rates (1) · Home loans (1) · February housing market (1) · Mortgage points (1) · Refinancing (1) · Credit scores (1)
📖 Key Information
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.
📰 Related News (1)
-
🇺🇸 How to get a mortgage interest rate close to 5% this February
Mortgage interest rates are on the decline again. Here's how buyers can get one close to 5% this month....
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Discount points:
- 🌐 Mortgage (1 shared articles)
- 🌐 Interest rate (1 shared articles)