Fee charged to originate the loan, usually a percent of the loan amount. Published floors are on /rates — for example bridge 1.50%, F.L.E.X. 50™ 5.00%.
Also called: points, lender fee
Glossary
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Glossary
Fee charged to originate the loan, usually a percent of the loan amount. Published floors are on /rates — for example bridge 1.50%, F.L.E.X. 50™ 5.00%.
Also called: points, lender fee