Views: 3265

Discount Point

Discount points (also known as "points," and "loan discount points") are paid to a lender (usually at closing) to reduce the interest rate on a loan. Each point is equal to 1% of the total loan amount. (Also see: Points)

Related Links

SAVE CANCEL Saving changes
  •   Flag content
    Close
    Report a Problem
    Close
    Content Flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
Contributors to this article include:

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
pageName