Real estate blog entries tagged with discount points by Ken Cook, Web Dev, Brand Strategist 678-439-8683

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Home : Blogs : Ken "Yes You Can" Cook : Superior, HandCrafted Web Apps : Tag "discount points"

discount points: Closing Points, Origination Points, Discount Points ... What are points? - 10/29/09 10:38 PM

"I'm not paying any points!"
Well, okay then. I guess you're paying cash because everybody who borrows money from a broker, lender or bank (regardless of their misleading advertisement) pays points. Simply defined the word points means a percentage. What they are a percentage of is the next question. And, in this case, they are a percentage of the loan amount.
For example if we are talking about $100,000 and we say "one point" we mean "one percent" or $1,000 (one thousand dollars). If we say "two points" we mean "two percent" or $2,000 (two thousand dollars).
Since we know what … (35 comments)

discount points: What Are "Discount" Points? - 02/23/09 10:46 PM

Be careful when you answer because you may not exactly know the full answer. As an agent it is something you hear and something you learn about in CE classes from time to time but do you know exactly how they are determined? You will in five minutes. Some of you already do so you may be excused to continue Rain surfing but thanks for stopping in! There are also several readers who are not in the industry and really want and need to know this answer!
When you hear "discount" you automatically think of "something for sale which can be … (4 comments)

discount points: The Greatest Attribute of Active Rain is "Open Source" Education - 02/21/08 01:42 PM

I have learned many things on Active Rain and also had my thoughts confirmed here. That has some of the highest value of anything I can attribute to AR. Yes, the networking is phenomenal but if we were all just talking about American Idol or NASCAR we wouldn't be growing as a community of real estate business people and leaders. So, keeping in that vain let's talk about the myriad different types of POINTS on a mortgage and why you, whether you are a loan officer or real estate agent, need to understand the differences.
What's the POINT? Basis, spread, yield, BIPs, … (10 comments)

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Ken "Yes You Can" Cook

Marietta, GA

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Ken Cook, Web Dev, Brand Strategist 678-439-8683

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