Discount points are a one-time, upfront mortgage closing cost which give a mortgage borrower access to "discounted" mortgage rates as compared to the market. When discount points are paid, the.
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Discount Mortgage Lenders – allspecialcoupons.com – Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called "buying down the rate," which can lower your monthly mortgage payments.
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Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called "buying down the rate," which can lower your monthly mortgage payments. One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000).
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