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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
Rising interest rates mean fewer no-interest auto loans. – 2018-09-18 · Rising interest rates mean fewer no-interest auto loans being offered by dealers. rising car inventory and climbing interest rates are responsible for the growing scarcity of these no-interest.
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Citi mortgage discount program violated Fair Housing Act: OCC – Bloomberg News “The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing program designed to provide eligible mortgage loan customers either a credit to.
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A mortgage rate is the rate of interest charged on a mortgage. Mortgage rates are determined by the lender and can be either fixed, staying the same for the term of the mortgage, or variable,
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