:roll: In dealing with hard money lenders what do points mean. :roll:
One point is 1% of the loan amount. 5 points is 5% of the loan amount and so on. Usually the hard money lender is just a broker for the folks that have the cash and this is how he makes a living.
Hope this helps
Thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737
512-301-9171 home
512-587-6177 mobile