Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
 
Free Loan Advice and Financial Information  
 
Browse by Letter
   
   
   
   
   
   
   
   
   
   
 

Loan and Mortgage Terms Glossary

Discount Points:

Amounts paid to the lender based on the loan amount to buy the interest rate down. In the mortgage industry, this term is usually used in only in reference to government loans, meaning FHA and VA loans. Discount points refer to any "points" paid in addition to the one percent loan origination fee. Each point is one percent of the loan amount; for example, two points on a $100,000 mortgage is $2,000.


 
     
 
Contact | Advertising Information | Other Resources

Copyright 2002-2006 DocLoan.com