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  2. Mortgage points: What are they and how do they work? - AOL

    www.aol.com/finance/mortgage-points-192840885.html

    In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

  3. Navy Federal says external review finds ‘non-race factors ...

    www.aol.com/navy-federal-says-external-review...

    The nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans in 2022. ... which 10 Democratic senators ...

  4. The nation’s largest credit union rejected more than half its ...

    www.aol.com/nation-largest-credit-union-rejected...

    Navy Federal Credit Union, which lends to military servicemembers and veterans, approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 ...

  5. Discount points - Wikipedia

    en.wikipedia.org/wiki/Discount_Points

    Discount points. Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate.

  6. Navy Federal Credit Union - Wikipedia

    en.wikipedia.org/wiki/Navy_Federal_Credit_Union

    In March 2013, Navy Federal Credit Union further widened its membership to include all Coast Guard members and employees as well. In 2020, Navy Federal Credit Union also expanded its membership to include Space Force members. [3] In 2014, Navy Federal expanded its Vienna headquarters. As of July 2024, 5,100 employees worked at the Vienna ...

  7. Seller's points - Wikipedia

    en.wikipedia.org/wiki/Seller's_points

    Seller's points. Seller's Points (or seller contributions) are lump sum payments (or finance charges) made by the seller to the buyer's lender to reduce the cost of the loan to the buyer. [1] One point is equal to 1% of the loan amount. [2] The payment can either be required by the lender or volunteered by the seller.

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