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Thursday, November 21, 2019

What is the mean by Discount points (or points) in real estate?

If you are searching for the meaning of Discount points (or points) in real estate and also a definition of Discount points (or points),  then this blog post is helpful for you

Definition

The amount paid either to maintain or lower the interest rate charged. Each point is equal to one per cent (1%) of the loan amount (i.e., two points on a $100,000 mortgage would equal $2,000).

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