Discount Point
Last updated 2026-08-01
FTC
Updated 2026-08-01
A fee paid by the borrower at closing to reduce the interest rate. A point equals one percent of the loan amount.
FTC Real Estate Terms
FTC · pp. 6–7
Related terms
Report an issue with this page
Still have questions?
Ask about this page or what may happen next. You will continue in Help — this is general information, not legal or counseling advice.