Could someone explan what points are when it comes to loans?

May 18, 2011 Mortgage Loan

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What are points and how are they used as discounts on mortgages. Also why is the APR on truth-in-lending statement different then the real interest rate? Help!!!

Could someone explan what points are when it comes to loans?

Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?

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Could someone explan what points are when it comes to loans?

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Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?

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