Points

A "point" is one percent of the loan amount, typically paid in cash to the lender as a fee. So, if your loan is $300,000, one "point" equals $3,000 paid to the lender. There are several different kinds of points. There are "discount points," where every point you pay lowers your interest rate by a certain amount. Learn more about points and what they mean for your loan.

Featured Points Article

Avoid Scams When Refinancing

Added February 18, 2005 by Ilyce R. Glink

A reader fears they have been scammed on the fees for their refinancing. Ilyce says they need to compare their loan to other offers to determine if they have been scammed, but she emphasizes the importance of shopping around for a lender.

Points Videos

Latest Videos

Loan Tips For Borrowers

October 8, 2008

Play | Subscribe

(1:30)

Summary:

What should you consider when getting a mortgage loan? The mortgage loan should fit your needs and lifestyle and allow you to sleep at night. For more information on mortgage loans watch this Expert Real Estate Tips segment and check out www.ThinkGlink.com.

Watch Video: Loan Tips For Borrowers