help with points?

: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