Discount points refer to a fee that a borrower pays upfront to a lender to lower the interest rate on a loan. Each point typically costs 1% of the total loan amount. By paying
discount points, borrowers can save money on interest payments over the life of the loan.
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«discount»
«points»
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Phrases with «discount points»
Sentences with «discount points»
- You still have a choice of paying discount points for a lower mortgage rate, or paying a higher rate in exchange for the lender absorbing your mortgage costs. (fhaloanpros.com)
- And finally, the inclusion of discount points in these rates move them even farther from a realistic estimate. (valuepenguin.com)
- If you pay for discount points on your mortgage, you can deduct the cost. (sapling.com)
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sentences)