Points  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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A term used to describe the up-front fee with relation to the amount of the loan. For example, 2 points means a fee of 2% of the loan. Most lenders will offer a range of rate and point options allowing a borrower to choose how much they want to pay up-front and how much they want to pay on a monthly basis.

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Mortgage Glossary

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