An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
Fha 203K Rates Today Ross Mortgage Corporation expands West Michigan presence with new Cascade office – – Ross Mortgage Corporation, a regional, full-service residential mortgage lender headquartered in Royal Oak, today announced. fixed rate mortgages, conventional adjustable rate.