Discount points definition

Discount points means fees or charges paid by the Borrower to an Ameriquest Party at the time of origination of a Loan for the purpose of reducing the interest rate applicable to the Loan.
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Discount points means any charges, whether or not actually denominated as "discount points," that are paid by the seller or the buyer of residential real property to a residential mortgage lender or that are deducted and retained by a residential mortgage lender from the proceeds of the residential mortgage. "Discount points" does not include the costs associated with settlement services as defined in the "Real Estate Settlement Procedures Act of 1974," 88 Stat. 1724, 12 U.S.C. 2601, amendments thereto, reenactments thereof, enactments parallel thereto, or in substitution therefor, or regulations issued thereunder.
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Discount points means any charges, whether or not actually
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Examples of Discount points in a sentence

  • If the proposed Non-Prime Loan includes a fixed rate mortgage and provides for the payment of Discount Points, Ameriquest Parties’ Sales Personnel shall provide an oral disclosure in substantially the following form: “This loan includes payment of [insert number] discount points, a fee you pay at closing that reduces the interest rate on your loan and also the amount of your monthly payment but increases the total amount of your loan.

  • If the proposed Non-Prime Loan includes an Adjustable Rate Mortgage and the payment of Discount Points, Ameriquest Sales Personnel shall provide an oral disclosure in substantially the following form: “This loan includes a payment of [insert the number] discount points, a $[insert the amount of the discount points in dollars] fee you will pay at closing to lower your initial interest rate and monthly payment.

  • The Ameriquest Parties shall make Loans in accordance with a pricing model that is designed to produce (before the use of any price exception) the same interest rate and number of Discount Points for all Potential Borrowers with the same credit risk characteristics, who are applying for the same Loan, and who are the same with respect to any other characteristic(s) or fact(s) that affect the pricing information generated by the pricing model.

  • Zillow Home Loans, LLC Loan Origination Fees $850 - $1,400 Discount Points (optional) 0%- 3% of Loan Amount.

  • Zillow Home Loans, LLC Loan Origination Fees $499 - $1,500 Discount Points (optional) 0%- 4% of Loan Amount.

  • Lock Details Interest Rate: Discount Points: Origination Points: Loan Program: Loan Amount: Up-front Fee: Lock Term: Lock Expiration: Float-Down Option Expiration: Lock Terms and Acknowledgement Loan #:_______________________________ Borrower Name:_________________________________________ Subject Property Address:______________________________ ______________________________________________________________ Send signed agreement and checks to: First Community Mortgage, Inc.

  • Cash Conventional FHA VA Other: N/A X X 226 11.3. Loan Discount Points.

  • Index: Margin: Floor Rate: Payment/Rate Adjustments: 6 Months Annual Other Annual or Other Adjustment Cap: Life Cap: Discount Points: $ or % of the loan amount.

  • Loan Amount: Loan Term: Discount Points is ( of the Loan Amount).

  • The Lender may not charge an Origination Fee, Discount Fee or Discount Points except as may be provided in the Program Guidelines.


More Definitions of Discount points

Discount points means any charges, whether or not actually denominated as "discount points," which are paid by the seller of residential real property to a residential mortgage lender which directly or indirectly affects the ability of the buyer of the real estate to secure a residential mortgage.
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Discount points or "points" means a fee paid by a borrower, up- front or at closing, to a lender to reduce the interest rate of a res- idential mortgage loan. Pursuant to Regulation X, discount points are to be reflected on the good faith estimate or loan estimate and appli- cable settlement statement as points and as a dollar amount.
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Discount points means a fee or charge retained or received by a mortgage lender or mortgage loan broker that is stated or calculated as a percentage or fraction of the principal amount of the residential mortgage loan. “Discount points" does not include interest, origination fees, or any fees paid to third persons.
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Discount points or "points" means a fee paid by a borrow- er, upfront or at closing, to a lender to reduce the interest rate of
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Discount points or "points" means a fee paid by a borrow- er, upfront or at closing, to a lender to reduce the interest rate of a residential mortgage loan. Pursuant to Regulation X, discount points are to be reflected on the good faith estimate or loan estimate and applicable settlement statement as points and as a dollar amount.
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Related to Discount points

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Points refers to Citi ThankYou Points or ThankYou Points earned on your Citi Corporate Card;

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Receipt Point(s means the receipt points set forth in Section 6 of this Toll Schedule.

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • 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;

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Discount has the meaning set forth in Section 6.06.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.