Points

Some lenders may charge a upfront fee for the load. Officially the upfront fee is a payment that reduces the interest rate of the loan. This up front fee is know as a point. Normally points are expressed in terms of percentages. Thus on a loan of $100,000 1 point would cost $1,000. The points fee is due at closing.

Close

This page is a pop-up instruction from  www.harderandsmarter.co.uk. If a search engine brought you here click on the link to go to the Home for UK residents seeking property in Florida.

© Patrick Taylor 2004