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    • SHOULD I PAY POINTS?
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  • WHAT ARE POINTS?
#LENDPHX
  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?

What are Points?

A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms.

​Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.

​Be careful - some lenders will charge you both of these.  Especially watch out for online lenders that show low rates, but these points are hidden in the fine print.
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  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?