2007-05-15 14:26:28 · 4 answers · asked by BooBooshanubo 1 in Business & Finance ➔ Renting & Real Estate
Points are percentage points. 3 points would be 3 per cent of the loan. On a $100,000 loan, 3 points would be $3,000.
2007-05-15 14:29:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It means you pay an up front charge of 3%. a point is a percent of the total loan amount. One point is a lot more of a hit that 1% interest, because you end up getting less money up front. 3 points on any loan is a lot..... Sounds like you're borrowing from the Sopranos.
2007-05-15 21:31:12 · answer #2 · answered by squeezie_1999 7 · 0⤊ 0⤋
each point is 1% of the loan amount. So if you get a 100,000 loan with 3 points you will pay $3,000 in points
2007-05-15 21:30:29 · answer #3 · answered by christonint 1 · 0⤊ 0⤋
3 pts is 3% of your loan amount. How about a lender that will charge you 1% and have you closed in 10 days? Email me for more info.I can help you I just want referrals.
2007-05-15 22:31:41 · answer #4 · answered by Someone to talk to 1 · 0⤊ 0⤋