Discount point

Discount point

Discount points are the sum of money charged by a lender to reduce the interest rate of any particular loan. One point is equal to 1% of the loan amount.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Business services
Category: Relocation
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

discount point

Business services; Relocation

Discount points are the sum of money charged by a lender to reduce the interest rate of any particular loan. One point is equal to 1% of the loan amount.

discount points

Real estate; General

A negotiable fee paid to the lender to secure financing to the buyer. Discount points are interest charges paid up-front to reduce the interest rate on the loan over the life or a ...

discount points

Real estate; General

Points paid in addition to the loan origination fee to get a lower interest rate. One point is equal to one percent of the loan amount.

discount points

Banking; Mortgage

Discount points are charges paid to the lender voluntarily, usually at closing by the borrower or seller, to reduce the interest rate. One point is equal to 1 percent of the ...

points (loan discount points)

Real estate; General

Prepaid interest on a mortgage that is usually paid at the time of closing. Each point is equal to 1% of the total amount of a mortgage (1 point, or 1%, of an $80,000 mortgage ...

point

Printing & publishing; Publishing

A unit of type measurement equal to 0.013875 inch (1/72 inch), or 1/12 pica (0.351mm); see pica, pitch, em, en. Also, a diacritic, as a dot or line, indicating a vowel or the ...

bridge loan

Business services; Relocation

A loan that is provided to an employee by his/her company to assist in purchasing a destination home when the departure home has not yet sold. The loan is typically interest free.

mortgage

Business services; Relocation

A written instrument that creates a lien upon real estate as security for the payment of a specified debt.

market rate

Business services; Relocation

An estimate of the average rate being charged by lenders for conventional, fixed rate mortgage loans.

lump sum program

Business services; Relocation

Monies given to employees in lieu of some or all services traditionally provided to relocating employees to facilitate the transfer.

long carry

Business services; Relocation

An added charge for carrying articles excessive distances between the mover's vehicle and your residence.

lock

Business services; Relocation

The period, expressed in days, during which a lender will guarantee an interest rate.

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: Business services Category: Office services

Liquid Space

An Airbnb like office service that allows people on-the-go to find and reserve temporary workspaces to work from while travelling in another city. ...