Sometimes called a discount point. Generally, a basis point is 1% of the total loan. Discount points are prepaid interest that a borrower can pay to lower their interest rate.
Basis Point
November 29, 2021
November 29, 2021
Sometimes called a discount point. Generally, a basis point is 1% of the total loan. Discount points are prepaid interest that a borrower can pay to lower their interest rate.
- CEO, Jayson Hardie on Growth
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