A unit of measurement for fees on a mortgage loan. One point equals 1% of the loan. Some lenders let borrowers pay points on a new loan, which reduces the amount of interest. Others charge points to cover loan origination expenses.
A unit of measurement for fees on a mortgage loan. One point equals 1% of the loan. Some lenders let borrowers pay points on a new loan, which reduces the amount of interest. Others charge points to cover loan origination expenses.
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