What are points on a mortgage? Points are a percentage of a loan amount paid up front to reduce the interest rate. Each point equals 1% of the mortgage loan. Paying points lowers the ongoing monthly payments. By Sarah Perrotti|2023-09-22T18:06:51+00:00September 22nd, 2023|Real Estate Terminology|0 Comments Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: Sarah Perrotti Leave A Comment Cancel replyComment Save my name, email, and website in this browser for the next time I comment.
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