Finance charges paid by the borrower at the beginning of a loan. One point is 1% of the loan amount.
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Points, sometimes also called a "discount point", are a form of pre-paid interest. One point equals one percent of the loan amount. By charging a borrower points, ...
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Sep 12, 2012 ... The term "points" is used to describe certain charges paid to obtain a home mortgage. Points are prepaid interest and may be deductible as ...