Ratepoint Options


Definition of "Rate/Point Options"

Kimberly Graziadei real estate agent
Kimberly Graziadei Berkshire Hathaway HomeServices New Jersey Properties

All the combinations of interest rate and points that are offered on a particular loan program. On an ARM, rates and points may also vary with the margin and interest rate maximum.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Conversion Option

The option to convert an ARM to an FRM at some point during its life. ...

Sub-Prime Lender

A lender who specializes in lending to sub-prime borrowers. ...

Payment Rate

The interest rate used to calculate the mortgage payment. The interest rate and the payment rate are often the same, but they need not be. They must ...

Dual-Apper

A borrower who submits applications through two loan providers, usually mortgage brokers, without their knowledge. Home purchasers sometimes submit mo ...

Assignment

The transfer of ownership, rights, or interests in property by one person, the assignor, to another, the assignee. ...

Contract Chicanery

Inserting provisions into a loan contract that severely disadvantage the borrower, without the borrowers knowledge, and sometimes despite oral assuran ...

Popular Real Estate FAQ

What Is A Term?

A term is the length of a loan. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

What Do I Need To Know About Individual Health Insurance?

Health insurance also known as .disability insurance. is insurance of human beings against bodily injury, disablement, or death by accident or acciden ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than possessions and assets, it\'s your home and you need ...

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay monthly. Input an extra payment and calculate your ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What are comparables or comps? What is a CD? What is a Ginnie Mae? What is an easement? What is a VA loan?