Direct/ Indirect Cost Flashcards
1
Q
Discount points
A
One time fee charge
Imposed by the lender to lower the interest rate, and the mortgage monthly payment.
The more you have upfront the lower the interest rate.
1/8%
Real estate > Direct/ Indirect Cost > Flashcards
Discount points
One time fee charge
Imposed by the lender to lower the interest rate, and the mortgage monthly payment.
The more you have upfront the lower the interest rate.
1/8%