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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)

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

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

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