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URL:https://www.learndesk.us/class/6271362765160448/lesson/1ad68a6e93a6a2c14da27035c55a9c3b?ref=outlook-calendar
SUMMARY:Points
DTSTART;TZID=America/Los_Angeles:20260405T190000
DTEND;TZID=America/Los_Angeles:20260405T200000
LOCATION:https://www.learndesk.us/class/6271362765160448/lesson/1ad68a6e93a6a2c14da27035c55a9c3b?ref=outlook-calendar
DESCRIPTION: Definition: 1 point = 1% of the loan amount or .01 x loan amount Formulas: Points = Fee paid ÷ Loan amount The fee paid = Loan amount x Points Loan amount = Fee paid ÷ Points
Examples: 1. A borrower pays $500 for a $10,000 loan. How many points are paid?
$500 ÷ 10,000 = .05 = 5 points 2. A borrower pays 5 points on a $10,000 loan. What is the fee paid? $10,000 x .05 = $500 3. A borrower pays $500 as 5 points on a loan. What is the loan amount? $500 ÷ .05 = $10,000
Rules of Thumb: 1 point charged raises lender’s yield by .125% 8 points charged raises the lender’s yield by 1%
Example: A lender wants to yield 7% on a 6.5% loan. How many points must he or she charge? (7% - 6.5%) = .5% .5% ÷ .125% = 4 points

https://www.learndesk.us/class/6271362765160448/lesson/1ad68a6e93a6a2c14da27035c55a9c3b?ref=outlook-calendar
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