Florida Homes | Ultimate Florida Real Estate
What is a “Discount Point”?
Discount points are a one-time loan cost, where one discount point carries a cost equal to one percent of the first mortgage loan. For example, 1 discount point on a loan of a conforming loan limit of $650,000 would carry a cost of $6,500 to be paid at closing.
Discount points, are often tax-deductible, and can be paid with cash or added to the total loan amount.
Posted in Blog, Buyers Resources
