Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about no points or loan discount fee refinancing: | |||||||||||||||||||||||
Lies Mortgage Shoppers Hear
December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... HUD's Proposals For Reform October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... |
|||||||||||||||||||||||
no points or loan discount fee refinancing related definitions |
|||||||||||||||||||||||
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... Origination Fee Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... |
|||||||||||||||||||||||
More about no points or loan discount fee refinancing Home Mortgage and Financing Terms Financing Legal Fees (Factoring) Cash Til Payday Loans - When Is The Best Time To Get A Quick Cash Loan Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security Personal Injury - 12 NEW Methods! Is My Money Safe? On The Soundness Of Our Banks Online Mortgages in 5 Easy Steps! Home Equity Loan When Does Refinancing Make Sense? How to Get Cheap Home Loans with a Bad Credit How do I know what is the best Second Mortgage Home Loan for me?
|
|
||||||||||||||||||||||
|