What are points

By
Real Estate Agent with Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today !

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.

John

Mar 21, 2010 05:09 PM