Log In or Register | Contact
My Account My Properties My Alerts My Messages
 
Mortgage Discount
 

Mortgage Discount

the amount paid by the borrower to increase the yield of a mortgage to the lender. Sometimes called points, loan brokerage fee, or new loan fee. The discount is computed on the amount of the loan, not the selling price of the property.
 
Each Office is Independently Owned and Operated. ©2007 Sotheby's International Realty Affiliates LLC. Sotheby's International
Realty® is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Equal Housing Opportunity.