While borrowers with impeccable credit histories have their points waived, people with less - than - perfect credit are charged anywhere from 3 to 5 points in loan origination fees. (badcreditloanservices.com)
A point is an additional charge by the lender at the time of loan origination as a placement or service fee. (richdad.com)
Depending on your lender, that small savings could be eaten up in loan origination fees and other costs. (zenithfg.com)