Amount paid up front by the borrower or seller to the lender. Points increase the lender's yield on the mortgage and decrease the borrower's interest rate. One point is equivalent to one percent of the loan amount.

This is a fee charged by a lender that is used to buy-down an interest rate. One point is equal to 1% of the loan amount.

Up Front Interest” collected in full at time of closing by the lender in (Points) return for lower interest rates and/or special program options. 1 discount point = 1% of the loan amount. These are fully tax deductible so don't forget when tax time rolls around

Amount paid to the lender when a loan is originated to account for the difference between the current market-determined rate of interest and the actual lower interest rate of the loan. Each point is equal to one percent of the original loan amount. Points may be paid by either the buyer or the seller.

One percent of the face value of the mortgage paid in order to reduce the interest rate by approximately one eighth of one percent during the life of the loan.

A charge by a lender collected to buy down the interest rate.

a charge for lowering the interest rate and can only be legitimately paid to the lender since the lender is the one that will be effected by the lower interest rate, not the mortgage broker

a fee that you can pay to reduce your interest rate

a loan fee that reduces the loan's interest rate

a one-time charge offered by the lender or broker allowing you to obtain a mortgage at a lower interest rate

a percentage of the total loan amount that is paid for a lower interest rate

a prepaid fee used to reduce the interest rate

Discount points are paid to reduce the interest rate on a loan. They are normally paid at closing and are generally calculated to be equivalent to 1% of the total loan amount.

An amount, usually 1% of the loan amount, which is paid to the lender to enhance the yield and reduce the interest rate.

Also called "points". A one-time charge paid to the lender at closing to obtain a lower interest rate on the mortgage loan. One point is equal to 1 percent of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000.

An amount equal to one percent of the principal amount of a mortgage loan; A one time charge assessed by the lender that must be paid in cash at closing

Payment to the lender to lower the interest rate. One discount point equals one percent of the loan amount.

The amount paid by seller or buyer to the lender to achieve a specific interest rate. One point equals 1% of the loan amount.

May be collected by the lender to reduce the borrowerâ€(tm)s interest rate on the mortgage. A point equals 1% of the loan amount and is paid in advance.

An amount payable to the lending institution by the borrower or seller, typically paid in exchange for a lower interest rate. One point = 1% of the loan amount.

The amount of money you can choose to pay when you first get a loan to reduce its overall interest rate. Discount points are usually a small fraction of the total amount of your loan – i.e. 1, 2, or 3% -- and can lower the interest rate for the entire life of the loan, or just part of it.

A charge levied by the lender to buy down the interest rate on the loan. Each “point” charged is equal to 1% of your loan amount. The financial cost of paying the “point(s)” is reflected in your APR.

A unit of measurement used for various loan charges; one point equals one percent of the amount of the loan.

Amount payable to the lender institution by the borrower or seller to increase the lender's effective yield. One point is equal to one percent on the loan amount.

A fee paid by the borrower at closing to reduce the interest rate. A point equals 1 percent of the loan amount.

Amount payable to the lending institution by the borrower or seller to increase the lender's effective yield. One point is equal to one per cent of the loan amount.

A point paid to the lender to permanently buy down or lower an interest rate. It is usually a percentage of the loan amount.

An additional charge made by a lender at the time a loan is made. Points are measured as a percent of the loan, with each point equal to one percent.

A prepayment of interest equal to 1% of the mortgage amount. See Point, Origination Fee.

the amount added to closing costs in exchange for a lower interest rate on a loan (same concept as prepaid interest). One point is equal to one percent of the loan.

see points.

See point. Each point is equal to 1% of the principal.

Prepaid interest assessed at closing by the lender. Each point is equal to 1 percent of the loan amount (e.g., two points on a $200,000 mortgage would cost $4,000).

A percentage of the total loan amount that represents the cost to the lender of reducing either a prepayment term or interest rate.

see point Down Payment Money paid to make up the difference between the purchase price and the mortgage amount.

A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.

One percent of the principal of a loan. Points are loan fees charged by lenders to increase the yields on below-market interest rate loans to competitive levels, and are paid when the loan is closed. Also called point(s).

Money paid by the borrower to lower the interest rate on the note. One discount point is equal to 1% of the loan amount.

Percentage of the buyer's loan usually paid by the seller to the lender in cash at closing. Each point equals 1% on the loan balance. Discount points account for the difference between the market interest rate and the loan rate.

A fee, expressed as a percentage of the loan amount, paid to the lender at closing to reduce borrower’s interest rate; i.e., 1 point is 1% of the loan amount.

if a borrower obtains a government loan, the borrower can prepay interest, referred to discount points, at the closing; each point is equal to one percent of the loan

A buyer can pay the lender a set fee for a lower interest rate. This is usually a percentage of the loan itself.

One percent (1%) of the face amount of the loan. Discount points are a one-time charge assessed at closing by the lender to increase the lender's yield to a competitive level. Used by borrower to reduce the interest rate.

A fee added to your closing costs in exchange for a lower interest rate on a loan. The basic idea of discount points is to pay a little up-front in order to save big over the life of the loan. One discount point equals one percent of the loan amount. So, if you pay 2 discount points on a $200,000 loan you would pay $4,000 up-front at closing. Each discount point you pay will typically lower your loan's rate by .25%. Discount points are a good idea if you plan to hold onto your home for a long period of time. This allows you to offset the costs of paying for the points. Often sellers will pay some of the discount points as a way to make their homes more attractive to buyers.

A sum a borrower pays to a lender to decrease the interest rate of a mortgage. A point equals 1 percent of the loan amount.

normally paid at closing and generally calculated to be equivalent to 1% of the total loan amount, discount points are paid to reduce the interest rate on a loan.

Please see point

A unit of measurement used for loan charges, with one point equaling 1 percent of the value of the loan

see also Point