Answer for "What is a point?"

Thomas Bruno- <br>Gulf Shores Realty  real estate agent
  Gulf Shores Realty

A point is equal to 1 percent of a loan amount. Fun fact to know is that lenders charge points in exchange for lowering the interest rate.

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

*** Your email address will remain confidential.

Related Real Estate Questions


Related Real Estate Glossary Terms