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Mortgage Professor about conventional loan mortgage lenders points rate purchase: | ||||||||
What Is a Float-Down?
October 30, 2001, Revised July 10, 2002 "I heard an ad by a lender on the radio this morning that said, in effect, that if I borrow from them I don't have to worry about rate increases because they would lock the rate, yet if interest rates go down they will reduce the rate ... more... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
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conventional loan mortgage lenders points rate purchase related definitions |
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discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more... Back End Points vs. Front End Points Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker. ... more... |
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More about conventional loan mortgage lenders points rate purchase
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