All > Business > Finance > Personal Finance > Consumer Credit

• Fees paid to the lender for the loan. One point equals 1 percent of the loan amount. Points are usually paid in cash at closing. In some cases, the money needed to pay points can be borrowed, but doing so will increase the loan amount and the total costs. An origination fee covers the lender’s work in preparing your loan.

  State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition
  ×

  Cite Definition for Points and Origination Fees

  American Psychological Association (APA)

  Points and Origination Fees. (n.d.). Consumer Credit Protection Glossary. Retrieved November 29, 2022, from website: http://www.expertglossary.com/definition/points-and-origination-fees.

  Chicago Manual of Style (CMS)

  Points and Origination Fees. www.maine.gov. Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. http://www.expertglossary.com/definition/points-and-origination-fees (accessed: November 29, 2022).

  Modern Language Association (MLA)

  "Points and Origination Fees." Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. 29 November. 2022 http://www.expertglossary.com/definition/points-and-origination-fees.

• Browse Related Terms: Annual Percentage Rate (APR), Closing Costs or Settlement Fees, Consummation, Credit Card, discount points, Finance Charge, interest, Loan origination fees, Origination fee, Points and Origination Fees, Principal