Posts tagged Mortgage Points
What are Negative Points On A Mortgage?

Negative mortgage points, also known as rebates or yield spread premiums are portions of your mortgage fees that are paid by the lender, who in turn sets a higher interest rate on the loan. This is sometimes called a no cost mortgage. One negative point is equal to one percent of the overall home loan.

Read More
Mortgage Points: What are they?

Mortgage Points, sometimes referred to as “discount points”, are fees paid to the lender directly at closing in order to reduce the interest rate and the monthly payment. The act is also known as “buying down the rate”.

Read More