American First Financial and Realty
12223 Highland Ave Suite # 601
Rancho Cucamonga, CA 91739
American First Financial and Realty
12223 Highland Ave Suite # 601
Rancho Cucamonga, CA 91739
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.
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NMLS: 350803
www.nmlsconsumeraccess.org
12223 Highland Ave Suite #601
Rancho Cucamonga, CA 91739
Phone: (951) 312-0440
kenn@american1st.net
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