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• An amount equal to one percent of the principal amount of a mortgage. Loan discount points are a one-time charge assessed at closing by the lender to increase the yield on the mortgage loan to a competitive position with other types of investments.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
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  Cite Definition for point

  American Psychological Association (APA)

  point. (n.d.). Glossary of Common Mortgage Terms. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/point.

  Chicago Manual of Style (CMS)

  point. www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/point (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "point." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 1 April. 2023 http://www.expertglossary.com/definition/point.

• Browse Related Terms: Annual Percentage Rate (APR), application fee, appraisal fee, HUD-1 Uniform Settlement Statement, Loan origination fees, point, Points (also called discount points), Prepayment penalty/prepayment premium, Unpaid Principal Balance (UPB)

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