discount points: Simple Real Estate Definitions: Discount Points - 04/02/08 01:07 PM
More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates. 
The cost of one point is one percent on the loan size and discount points appear on Line 802 of the HUD-1 Settlement Statement.
As a general guideline, each point paid … (5 comments)

discount points: Reverse Mortgages : Financing the Golden Years - 03/21/08 09:19 PM
Reverse Mortgages: Financing the Golden Years  
By Tiffany Taylor-Rodriguez, President Platinum Funding
 Irvine, Ca – Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling … (6 comments)

 
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Tiffany Taylor

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