Points 

Points are assigned to the Purchaser but the Seller could contribute to the Points.
Points are also known as pre-paid interest.  Pay a percentage of the loan amount upfront and pay a lower interest rate over the term of the loan.  Also known as Discount Points.  Helps the buyer qualify by attaining a lower monthly payment.

Massachusetts Academy of Real Estate

150 Wood Road Suite 104

Braintree, MA 02184

781-848-1404

info@massrealestateclasses.com

 

© 2020 Massachusetts Academy of Real Estate. All Rights Reserved.

  • YouTube Black Round
  • b-facebook
  • Twitter Round