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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)
#39 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
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