by Pastaman on June 5th, 2003

Pastaman

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What are points?

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Answers. 2 helpful answers below.

  • by Clementunited on February 8th, 2011

    Clementunited

    It is used to rise up the ranks, have greater ranking levels, and also for "bagging" rights and higher social status and more friends.

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  • by Fun2WinPrizes on December 10th, 2005

    Fun2WinPrizes

    A point equals 1 percent of a mortgage loan. Lenders charge points as a way to make a profit. Borrowers may pay discount points to reduce the loan interest rate. Buyers are prohibited from paying points on HUD or VA guaranteed loans. On a conventional mortgage, points may be paid by either buyer or seller or split between them. Within limits, points are usually tax deductible. Also see interest tax deduction

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