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can a mortgage lender charge "discount Points" to cover fees while NOT reducing the lending rate?

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May 14 2012 - Fort Mill
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Answers (2)

Like many questions, the details can greatly impact the answer.  If the factors that affect the interest rate (loan amount, loan-to-value, credit scores, loan purpose, etc.) change, that can change the rate and/or the fees.  If you would like to spell out the circumstances, I or one of my colleagues on this site can take a stab at the answer. 
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May 15 2012
I would love to answer your question but as a Realtor we are not 100% qualified to answer specific mortgage questions. Please ask your local loan officer for the answer so that you can get the correct answer.
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May 14 2012
 
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