Definitions for "Discount Points"
Keywords:  prepaid, percent, yield, equal, lower
A fee charged by the lender when making an FHA or VA loan to offset the lower interest rate the lender will receive compared with conventional loan interest rates. One point is equal to 1 percent. Back to the Top
MP] Same as Points.
Discount points are purchased to lower the interest rate on the loan. Each point counts as one percent of the loan.
Real Estate Mortgage Investment Conduits (REMICs)
Keywords:  dower, earnest, down, payment, money
Down Payment Earnest Money
Dower Down Payment
Disposition of Real Estate Statement Documentary Transfer Tax