Mortgage Terms Explained - Point
| Money : Mortgages Point in this instance refers to a percentage point - that is, one percent of a mortgage loan. You may also come across terms such as origination points and discount points. Origination points are those used by lenders to cover the expense of making the loan. Whilst dicount points are paid by borrowers to reduce the interest rate charged on their loan.
 Questions about mortgages:
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