Mortgage Broker Company - What Does “Point” Mean For A Mortgage.
A point is considered the amount that you will pay to reduce the interest rate on your mortgage. One point is usually equal to 1% of the loan amount you want to borrow. So if your mortgage is 125,000.00 than you would pay 1,250.00 for a point.
Check with lenders that offer real low interest rates? Are they talking about points? Some will offer low rates but you will have to pay for the points to get the lower rate.
Sharon
how start a mortgage broker companyinterest ratesMortgage Broker Companymortgage broker company San Diegomortgage company and mortgage brokermortgage company for startup mortgage brokermortgage loan company commercial brokermortgage loan company commercial mortgage brokerpoints
No Comments »
No comments yet.
RSS feed for comments on this post. TrackBack URI
Leave a comment
If you want to leave a feedback to this post or to some other user´s comment, simply fill out the form below.