Pre pay mortgage calculator
If a borrower buys 2 points on a 200000 home loan then the cost of points will be 2 of 200000 or 4000. For licensing information go to.
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How Much Do They Cost.
. Discount points are a way of pre-paying interest on a mortgage. You pre-pay a lump sum of money and then obtain a lower interest rate for the duration of the loan. Points cost 1 of the balance of the loan.
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 21st Mortgage Corporation 620 Market Street Knoxville TN 37902 865 523-2120.
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