One discount point comes at a cost of one percent of the borrowed loan amount, and typically lowers a mortgage lender's quoted interest rate by 25 basis points (0.25 %). (themortgagereports.com)
Credit Score: To accurately quote you an interest rate, a lender has to run your credit to determine your credit score. (joemetzler.com)
The bank had already quoted me an interest rate and had said nothing about my credit score. (vitessefinancial.com)