What are points

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What are points


No we're not talking about speeding tickets!  We're talking about your mortgage!  So you may have read the lender talk about paying points.  So what is a point?  Each point represents 1% of the mortgage amount that the mortgage lender charges you for processing a loan.  It is a form of prepaid interest and usually do at the closing.  For more information about points and loan options, I will be happy to provide you more information.

Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tom - Thank you for sharing an informative and helpful blog.


Mar 21, 2010 05:09 PM