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smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

WHAT ARE DISCOUNT POINTS?

jveenstra · Posted: Thu Sep 10, 2009 9:53 am Post subject: Discount Points

Points may be DISCOUNT POINTS or ORIGINATION POINTS.

DISCOUNT POINTS are paid to the investor to make the interest rate lower. Basically, they are prepaid interest to the mortgage investor and because you prepay some of the interest, the rate is lower.

ORIGINATION POINTS are paid to and are income for the mortgage originator. They could serve the purpose of making the rate lower, but, they are paid to the originator, not the investor.

gmakerley · Posted: Thu Sep 10, 2009 10:05 am Post subject:

these occurences are tiresome, i think. i guess your patience hasn't yet worn thin, john.

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

Discount points are fees paid to a lender at closing in order to lower your mortgage interest rate

nelsoncarolyn1946 · Joined: 03 Sep 2009 Posts: 38 0.00 Dollars($)

hi'

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catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

Discount points helps in lowering interest rates

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Catherine

You asked the same questions???

gmakerley · Posted: Mon Sep 21, 2009 8:25 am Post subject:

i have a feeling there are bots among us. why don't we just hand out ditto marks to some of these people so they can hit one simple key in order to add their "expert opinions"??

i'm saying, again, that this is most tedious.

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