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Answers (1)
Best Answer

- sunnyview
- Contributions:25139
You are so sweet to say that. You made my day :) To answer your question, a point is 1% of the total mortgage amount. So if your mortgage amount is going to be 150,000 a point on that mortgage would be $1500. Here is a page that discusses typical mortgage costs including points here. If you need more info on a mortgage, you can always ask the lenders in the mortgage forum. They are very professional and knowledgeable here. You have a great day too!

Sunnyview, What are Points?.. Also, are there web pages that answer these quest
Have a nice day!!!!
Rob
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