Asked in Personal FinanceLoansReal EstateMoney Management
One point equals what percentage of the loan?
What is one over five as a decimal and percentage?
Asked in Personal Finance
Where can one find information on student loan consolidation loan?
Asked in Temperature
What is the temperature scale in which zero equals the freezing point and 100 equals the boiling point?
Asked in Interest Rates
How does one calculate the interest rate on a loan?
Asked in Math and Arithmetic
What is zero point zero zero one as percentage is?
How much money does a point represent?
It is not a fixed dollar amount, assuming you are referring to points quoted on a mortgage loan. A point refers to a percentage of the loan amount. Example. If you are borrowing $100,000 and you want a below market rate you may pay an extra point up front to have the 30 year fixed interest rate reduced by an eighth of a point. The cost would be $100,000 X 1% (or .01) = $1000. Or, mortgage companies often charge a one point origination fee, which is how they are paid for arranging the loan and paying the mortgage loan officer. It is paid at closing and would be $1000 in the previous example. If you are offered a loan with zero points origination, chances are the lender is making it up in the form of a higher interest rate.
Asked in Mathematical Finance, Commodities
How many basis point does it take to move the s and p 500 one percentage point?
Asked in United Kingdom
How can one UK resident compare loan options from different sources?
Asked in Auto Loans and Financing, Repossession, Loans
Can a pioneer military loan help you pay for a new car?
Asked in Chemistry, Definitions
What it the scientific definition normal boiling point?