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Definitions of Discount Points

• Refers to a fee that is paid to the lender at loan origination to lower the interest rate for a mortgage loan. Paying discount points is sometimes referred to as "buying down the rate" of a new loan.
• Refers to a fee that is paid to the lender at loan origination to lower the interest rate for a mortgage loan. Paying discount points is sometimes referred to as "buying down the rate" of a new loan. This definition of Discount Points contributed by jimolenbush.
• Refers to a fee that is paid to the lender at loan origination to lower the interest rate for a mortgage loan. Paying discount points is sometimes referred to as "buying down the rate" of a new loan. rnRefers to a fee that is paid to the lender at loan origination to lower the interest rate for a mortgage loan. Paying discount points is sometimes referred to as "buying down the rate" of a new loan. This definition of Discount Points contributed by jimolenbush.