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A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms. Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.
As a Lender, United Lending has been helping customers afford the home of their dreams for many years.
Getting a home loan with United Lending is easier than you think. With over a decade of mortgage experience, we make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
"Finding The Right Mortgage Option For You Is Our Business".
Company NMLS: 1149066
www.nmlsconsumeraccess.org
14411 South Dixie Hwy Suite 209
Palmetto Bay, FL 33176
Phone: (844) 788-0787
office@unitedlending.com
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