We often offer a variety of interest rate choices for each loan program. This gives you the flexibility to choose the rate and points combination that is best for you. 1 point is equal to 1% of the loan amount. If you were borrowing $100,000, 1 point would be $1,000. The points listed on this site are inclusive of our origination fee and discount points (often these are listed as two separate items, but on this site they are combined for simplicity).
If we charge you more points upfront we can usually offer you a lower rate. On the other hand by charging you a higher rate we can offer to charge you less points. – less