Forgotten Your Password?

Need to Register?

Question Icon

What is the Difference Between Points and Prepaid?

What is the difference between points and prepaid items? by LetitiaCrowley978 from Dickens, Texas. Feb 27th 2017 Reply


Martin Farris, CFP (Martin)
#34 ranked lender in Texas - 16 contributions

Points are closing costs paid to a lender to reduce the interest rate on your loan. Prepaids are items like interest, homeowners insurance, taxes, etc.

Feb 27th 2017
0
0
Subscribe to our news feed.