What are Basis Points (BPS)

Описание: What are “Points” and when do you pay them? The technical term is Basis Points (BPS) and is defined as “one hundredth of one percent, used chiefly in expressing differences of interest rates.” Points is how we calculate your interest rate and how much the interest rates are costing. The term is used allot in the mortgage industry, and it’s very important that you know what you’re paying for and how interest rates work. Do your research and/or call me for more information.

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