Loan Discount Fee
Last modified March 4, 2022(Also called points): A one-time charge used to adjust the yield on the loan to what the market conditions demand. Each point is equal to one percent (1%) of the loan amount.Buyers occasionally buy down the loan rate to recieve a lower interest rate. This is called a loan discount fee.
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Top 10 terms for First-Time Home Buyers:
- Homeowner's or Hazard Insurance policy
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