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.

Discount points means any charges, whether or not actually

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.

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

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.

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.

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.