Search Near Me
Real Estate Glossary
For your convenience, we've compiled a list of words and phrases to help you understand Real Estate better.
Or select one specifically:
On a government loan the loan
is one percent of the loan amount, but additional points may be charged which are called "discount points." One point equals one percent of the loan amount. On a conventional loan, the loan
refers to the total number of points a borrower pays.
Looking for terms related to origination fee?
to see them.
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
. A "point" is one percent of the loan amount.
] -- Created by
] -- Page Created In 0.91 Seconds