DailyStocks.com
Sign up   Log In
Forgot Password
MyDailyStocks
Make Me Your Home Page
What's New
Site Map
Help
FAQ
  
MARKETS OTCBB NEWS STOCKS EDUCATION SAVING TIPS FINANCE SITE PORTAL
FREE MONTHLY NEWSLETTER DAILY HOT MICROCAPS LARGE CAP GROWTH STOCKS INSIDER BUYING SOCIAL MEDIA STOCKWATCH MAJOR FUNDS BUYING
Symbol:
Bookmark and Share

MARKET WATCH
DayTrading Portal
 INVESTING
Free Newsletter
Hot Penny Stocks
Large Cap Growth Stocks
Insider Buying
Social Media Stockwatch
Major Funds Buying
Daily Insider Buy
Daily Activist Buy
Zacks Analysts
INVESTING EDUCATION
Investing Concepts
Technical Analysis
Glossary
LIVING TIPS
Money/Finance
Automotive
Bridal
Business
Business to Business
Community
Education/Careers
Español
Family Living
Fashion/Fitness
Food/Recipes
Gift Ideas
Green Living
Health Information
Health/Wellness
Home Decorating
Home Improvement
Hot Topics
How-To
Kitchen/Bed/Bath
Lawn/Garden
News Release
Pets
Real Estate
Seasonal
Senior Living
Tech Talk/Innovation
Travel
BONUS
Money/Taxes
Graduation/Careers
Summer Real Estate
How-To
Summer Lawn/Garden Patio
Boomer and Beyond
Summer Living

GLOSSARY: Enter search term:
Browse dictionary by letter: 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

Glossary Term: POINTS

Definition(s) for POINTS:


1. ) refers to an amount paid to a mortgage lender, at the time of closing, above and beyond the regular interest payments. Each point equals 10f the mortgage face amount. When an individual is buying a home, points are tax-deductible in full for the year he/she pays for them, provided that they are not out of line for the individual's area and that they represent prepaid interest, which they usually do. If an indivudual pays points when he/she refinances, however, the individual must amortize the tax deduction over the life of theloan.

2. ) In reference to a loan, points consist of a lump sum payment made by the borrower at the outset of the loan period. Generally, each point equals one percent of the loan amount. See also seller's points.

3. ) Finance charges paid by the borrower at the beginning of a loan in addition to monthly interest; each point equals one percent of the loan amount. See also Finance Charge.


See Also:
KNOT POINTS, BOND POINTS, DELIVERY POINTS, SELLER'S POINTS, SELLER'S POINTS, POINTS (MAY BE CALLED DISCOUNT POINTS)



Content Library
News
Insider Buys and Activist Buys
RESEARCH
Stock Search Engine
Guide to Financial Sites
FAQ
Investors Research Portal
Glossary
Company Overviews
Education
Forums
Work with DailyStocks
License our Glossary
Write for us
About us
Feedback
Partners & Sponsors
InvestingChannel
COPYRIGHT© 1997-2012 DailyStocks. All Rights Reserved. Privacy Policy.
Link to this page http://www.dailystocks.com/glossary_words/POINTS.htm, notify us and we will consider your web site to our directory