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Updated 2 months ago on .

LaMancha Sims's profile image
LaMancha Sims's profile image
LaMancha Sims
  • Lender
  • from Atlanta, GA
  • Member since May 3, 2019

User Stats

219
Posts
40
Votes
LaMancha Sims's profile image
LaMancha Sims's profile image
LaMancha Sims
  • Lender
  • from Atlanta, GA
  • Member since May 3, 2019
LaMancha Sims
  • Lender
  • Atlanta, GA
40
Votes |
219
Posts
Classifieds

What are Points on a Loan?

LaMancha Sims
  • Lender
  • Atlanta, GA
Posted
https://simsventures.com/

Many investors get confused by 'points' in a loan. Think of it as pre-paid interest to the lender for securing your capital. 1 point = 1% of the loan amount. It's a common cost for the speed and flexibility of private capital. Got other lending questions? Ask below in the comment section! ⬇️

  • LaMancha Sims
business profile image
Sims Ventures.

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