Points

  Previous topic Next topic JavaScript is required for the print function  

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/glossary/index.html?points.htm