Prepaid interest assessed at closing by the lender. Each point is equal to 1 percent of the loan amount (e. G., two points on a $100, 000 mortgage would cost $2, 000).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). points (loan discount points). Retrieved September 23, 2026, from http://smartdefine.org/points_(loan_discount_points)/definitions/1160714 |
| Chicago | Barry Goldsmith. 2010. "points (loan discount points)" http://smartdefine.org/points_(loan_discount_points)/definitions/1160714 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, points (loan discount points), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/points_(loan_discount_points)/definitions/1160714>. |
| MLA | Barry Goldsmith. "points (loan discount points)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/points_(loan_discount_points)/definitions/1160714> |