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Page 22 of 30 point - A one-time charge by the lender for originating a loan. A point is 1 percent of the amount of the mortgage.
Also check out Mr. Thifty's Guide to Shopping for a MortgageAbout Mr. Thrifty: Mr. Thirfty's goal is to help others make the most out of their financial resources through education, suggestions and humor. If you like what you see, tell your friends about Mr. Thrifty! |
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