"Points" in connection with mortgage loans refers to the loan origination fee charged by lenders. A point is equal to 1% of the mortgage loan, so a $300,000 loan with 2 points results in an origination fee to the borrower of $6,000.
A 401(k) plan is one type of tax-deferred...Read More
An "agent" is person or entity who is formally authorized to act on another's...