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Glossary   >   P   >   "Points" Definition            Points 1. When refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Points \ 1. When refinancing or taking out a loan/mortgage, each point is equal to one percent over and above the current interest rate.