Point
What is Point?
A fee collected by a lender. One point equals one percent of the loan amount. That means if one borrows $150,000 and pays one point, one point or one percent (1%) equals $1,500. Points are imputed as pre-paid interest.
A fee collected by a lender. One point equals one percent of the loan amount. That means if one borrows $150,000 and pays one point, one point or one percent (1%) equals $1,500. Points are imputed as pre-paid interest.
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