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discount points

   Also found in: Wikipedia 0.02 sec.
discount points

Mortgage fees charged by the lender and treated as additional interest above the face rate in the promissory note in order to obtain an effective rate higher than the stated rate.One point is equal to 1 percent of the loan.


Discount Points

Same as Points.



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Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, deed-recording fee and credit report charges.
Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, deed-recording fee and credit report charges.
In other words, beginning this August, the card that gets you a video rental from Tsutaya will also let you accumulate discount points if you buy an onigiri (rice ball) at Lawson's.
 
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