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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceHard Money Leaner, Interest rates and terms
Roger Koofer's profile image
Roger Koofer's profile image
Roger Koofer
  • Wholesaler
  • from Louisville, KY
  • Member since Sep 21, 2019
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Roger Koofer's profile image
Roger Koofer's profile image
Roger Koofer
  • Wholesaler
  • from Louisville, KY
  • Member since Sep 21, 2019
Connect
Roger Koofer
  • Wholesaler
  • Louisville, KY
1
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9
Posts
Private Lending & Conventional Mortgage Advice

Hard Money Leaner, Interest rates and terms

Roger Koofer
  • Wholesaler
  • Louisville, KY
Posted Jan 17 2020, 14:53

Meet with a leaner today and they are offering 10% with 2 points at closing on the loan. This is a one year loan. I really don’t understand the 2 points at closing, how does this calculate in dollars.? If someone could give me an example on a $100,000 loan I would greatly appreciate it.

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