2 Comments on Real Estate Lending Question of the day, Post your answer today!
JAN
06
2009
Points are a percentage of the total loan amount. Typically one point is one percent of the loan. Many people elect to pay points to lower their interest rate...
Michael, excellent! You are completely correct! Although "points" sound like a sharp negative thing, "points" can be a sharp positive thing in getting you or your clients a better interest rate!
In this blog I will share information, that I feel will be useful to both the real estate agent and the consumer as it relates to real estate financing in California and the rest of the U.S. I am a direct lender with Private Mortgage Advisors (an affiliate of Wells Fargo Bank, N.A.)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
;)
;)
Points are a percentage of the total loan amount. Typically one point is one percent of the loan. Many people elect to pay points to lower their interest rate...