Rate point options
Definition
All the combinations of interest rate and points that are offered on a particular loan program. On an ARM, rates and points may also vary with the margin and interest rate ceiling.
Related Terms Other terms related to 'Rate point options' starting with the letter 'R' Recast payment, Refinance, Retail lender, Rate point breakeven, Right of rescission Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 