Discount points definition

Discount points means fees or charges paid by the Borrower to an Ameriquest Party at the time of origination of a Loan for the purpose of reducing the interest rate applicable to the Loan.
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Discount points means any charges, whether or not actually denominated as "discount points," that are paid by the seller or the buyer of residential real property to a residential mortgage lender or that are deducted and retained by a residential mortgage lender from the proceeds of the residential mortgage. "Discount points" does not include the costs associated with settlement services as defined in the "Real Estate Settlement Procedures Act of 1974," 88 Stat. 1724, 12 U.S.C. 2601, amendments thereto, reenactments thereof, enactments parallel thereto, or in substitution therefor, or regulations issued thereunder.
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Discount points means any charges, whether or not actually
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Examples of Discount points in a sentence

  • Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan.

  • Discount points not to exceed % of the total loan amount, shall be paid % by Seller and % by Buyer.

  • Discount points not to exceed will be paid by Purchaser or Seller (check one).

  • Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan.

  • Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to exceed 4.000 % (0% if not specified) of the mortgage loan.

  • Discount points not to exceed: total points (Does not include origination fee).

  • Discount points, loan origination, loan placement and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to ing any mortgage insurance premiums or VA funding fee) not to exceed % (0% if not specified) of the mortgage loan.

  • Discount points permitted by this subdivision and not collected but included in the principal amount must not be included in the amount on which credit insurance premiums are calculated and charged.

  • Discount points are pervasive to obtain a military interest rate.

  • Discount points, escrows, warranties, past due items, expenses or costs incurred prior to or at closing resulting from home improvements/repairs or seller incentives are excluded from reimbursement.


More Definitions of Discount points

Discount points means any charges, whether or not actually denominated as "discount points," which are paid by the seller of residential real property to a residential mortgage lender which directly or indirectly affects the ability of the buyer of the real estate to secure a residential mortgage.
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Discount points or "points" means a fee paid by a borrow- er, upfront or at closing, to a lender to reduce the interest rate of
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Discount points or "points" means a fee paid by a borrow- er, upfront or at closing, to a lender to reduce the interest rate of a residential mortgage loan. Pursuant to Regulation X, discount points are to be reflected on the good faith estimate or loan estimate and applicable settlement statement as points and as a dollar amount.
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Discount points or "points" means a fee paid by a borrower, up- front or at closing, to a lender to reduce the interest rate of a res- idential mortgage loan. Pursuant to Regulation X, discount points are to be reflected on the good faith estimate or loan estimate and appli- cable settlement statement as points and as a dollar amount.
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Discount points means a fee or charge retained or received by a mortgage lender or mortgage loan broker that is stated or calculated as a percentage or fraction of the principal amount of the residential mortgage loan. “Discount points" does not include interest, origination fees, or any fees paid to third persons.
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Related to Discount points

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Discount Period means, with respect to any Settlement Date or the Liquidity Termination Date, the period from and including the preceding Settlement Date (or if none, the date that the first Incremental Purchase is made hereunder) to but not including such Settlement Date or Liquidity Termination Date, as applicable.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Senior Securities.