What are Mortgage Points ??

Points are a fee charged by a lender as a condition of granting a loan. Each point is equal to 1% of the loan value.

Points are usually deducted from loan proceeds at the closing. This cost is fully deductible from income taxes in the year of the purchase.

More Real Estate Related Terms

- Governmental Affairs Assistant / Staff - Governmental Affairs Director / VP - Graduate REALTOR Institute - Home Inspector - Home Repair Contractor or Supplier (building materials; roofers;

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