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Glossary > P > "Points" Definition

Points

1. When refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate.

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Points - 1. When refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate.

Points : 1. when refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate.