What is Points (Discount Points)? | REAL-ESTATE-SALESPERSON Exam Prep

Points are upfront fees paid to a lender at closing to reduce the interest rate on a mortgage, with each point equal to 1% of the loan amount and typically lowering the rate by 0.25%. 📚 Learn more about Points (Discount Points) and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Points (Discount Points) definition: https://www.open-exam-prep.com/glossary/points 💡 Exam Tip: 1 point = 1% of loan amount. Buying points lowers interest rate. Calculate break-even to see if points make sense. --- #real-estate #examprep #financeexam #real-estate-salesperson