What Are Mortgage Points

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Posted on September 24, 2018 at 22:01 PM



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What Are Mortgage Loan Points? | Moving.com
They may offer options with no points, 1 point, 2 points and maybe even more. The more points that you are willing to pay, the lower the interest rate the lender will offer you. It is common for each option to include fractions of points (for example, 1.25 points).
What Are Mortgage Points? | The Truth About Mortgage
A "mortgage point" is a fancy term used in the industry to describe a percentage point of the loan amount. So if you're paying one point on a $100,000 mortgage, it's simply $1,000. Learn more about how it works and why it's charged.
What Are Mortgage Points? -- The Motley Fool
Mortgage points come in two different types: origination points and discount points. Both types are equivalent to 1% of your mortgage amount. So if you have a $100,000 mortgage, one point is worth ...

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