Call us today at (702) 838-9922
or toll free at (844) 740-4007

Lone Mortgage
5275 S Durango Dr
Las Vegas NV, 89113
NMLS #328524

Need Mortgage Help?

702-838-9922

What are points?

A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms. Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.

LenderHomePage Footer Logo Powered By LenderHomePage.com