Discount point definition

Discount point means a fee charged by a lender based on a percentage of the principal amount of the loan and payable only at the closing of the mortgage loan, which fee operates to reduce the interest rate of the mortgage loan.
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Discount point means a fee charged by a lender based on a
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Discount point or "interest reduction fee" means a
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Examples of Discount point in a sentence

  • Defendant breached the contract by failing to give Plaintiffs an interest rate reduction in return for each Loan Discount point charged and collected.

  • Discount point charges may not exceed 1.5%.Earnest Money:All applicants must make a minimum $1,000 Earnest Money contribution in the sales contract.

Related to Discount point

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;