Financing Points – Mortgage Glossary

Mortgage Glossary

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Financing Points

Points are often used as a way of balancing the requirements of a particular borrower. Lenders will allocate ‘points’ to things such as a reduction in the interest rate for a set period or for a certain amount of cash back allowing borrowers to balance all of their needs both short- and long-term.

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2.89%

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3%

 

 

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Mortgage Glossary

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