DISCOUNT POINTS RETOTD Episode 189

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Real Estate Term Of The Day LogoDISCOUNT POINTS

Points paid in addition to the loan origination fee to get a lower interest rate. In the mortgage industry, this term is usually used only in reference to government loans, meaning FHA and VA loans. Discount points refer to any “points” paid in addition to the one percent loan origination fee. A “point” is one percent of the loan amount.

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