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Points |
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Points |
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Points (when used in referring to a mortgage) are fees paid to the lender at the time of origination of a loan to increase the yield of the note without increasing the interest rate.
| • | One point is one percent of the loan |
| • | 100 basis points equals one point |
| • | Points are considered advance interest |
Page url: http://www.georgiaappraiser.com/db/glossary/index.html?points.htm
