What Does Discount Point Mean?

Free Business Insurance Quote Click Here
What does Discount Point mean? Read on to discover the definition & meaning of the term Discount Point - to help you better understand the language used in insurance policies.

Discount Point

Discount Point

A discount point is a payment mortgage loan borrowers can make to lower the interest rate on their mortgages. Each discount point costs one percent of the total mortgage amount.

We hope the you have a better understanding of the meaning of Discount Point.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here